Absent Paramount raising its $30/share all-cash bid for $Warner Bros. Discovery(WBD.US), the bidding war between the Ellisons and $Netflix(NFLX.US) for control of $Warner Bros. Discovery(WBD.US) is effectively over. $Paramount Skydance Corporation - CL B(PSKY.US) ‘s $30/share all-cash price for 100% of WBD was only backed by 7% of WBD shareholders and with $Netflix(NFLX.US) now offering $27.75/share cash for just the steaming business (global networks business to be spun off separately worth $3-$4/share), the $Netflix(NFLX.US) deal should close by April assuming no regulatory hurdles.
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