Warner Bros. Discover, Netflix, and Paramount logos arranged in a trifecta to symbolize the ongoing negotiation among the three companies. Key Points Netflix has agreed to acquire Warner Bros. Discovery’s streaming and studio production assets in a cash-and-stock deal worth up to $27.75 per share, excluding the spin-off of TV channel assets. Paramount Skydance is countering with a hostile all-cash$30-per-share offer to acquire WBD’s entire business, including both streaming and TV assets. Antitrust co ...