Paramount Strikes Back: The Warner Bros. Discovery Deal Takes a Dramatic Turn

Just when Netflix seemed poised to secure Warner Bros. Discovery, Paramount Skydance has stormed back with a higher bid that could once again reshape Hollywood’s balance of power.

The takeover saga surrounding Warner Bros. Discovery (WBD) has taken a new twist. After months of negotiations, it appeared that Netflix had sealed the deal with an $82.7 billion offer for WBD’s most…