Just when it seemed that Netflix had clinched the deal to purchase Warner Bros. Discovery, Paramount Skydance Corp. swooped in with a $110 billion counter-offer that was ultimately too good for the studio to pass up. On today&rsquo;s Big Take podcast, Bloomberg&rsquo;s Lucas Shaw and Chris Palmeri take host Sarah Holder inside the behind-the-scenes negotiations that secured the deal for Paramount, how Netflix co-CEO Ted Sarandos explained his company&rsquo;s decision to walk away &ndash;&nbsp; and the twists and turns that could still be coming in this story as two mega-studios become one.&nbsp; Read more:&nbsp;<a href="https://www.bloomberg.com/news/articles/2026-02-27/what-the-paramount-warner-merger-means-for-hollywood?embedded-checkout=true">What the Paramount-Warner Merger Means for Hollywood</a> <a href="https://www.bloomberg.com/news/articles/2026-02-27/how-david-ellison-outlasted-netflix-in-the-warner-bros-bidding-war?embedded-checkout=true">David Ellison Used Political Ties, Deep Pockets to Buy Warner Bros.</a><a href="https://www.bloomberg.com/news/articles/2026-03-01/netflix-s-co-ceo-explains-why-he-quit-the-warner-bros-fight?embedded-checkout=true">Netflix&rsquo;s Co-CEO Explains Why He Quit the Warner Bros. Fight</a>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.

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