Netflix exits its bid for Warner Bros. Discovery, clearing the way for Paramount Skydance’s higher offer.

Steve Weiss, Founder and Managing Partner of Short Hills Capital Partners joins CNBC’s “Halftime Report” to explain why he's buying Netflix back after the Warner Bros. deal fell through.

Almost immediately Paramount, who months earlier had expressed interest in purchasing Warner Bros., initiated a hostile takeover bid for the whole company, which culminated in a $31 per share offer th...