Netflix declines to raise offer for Warner, paving way for Paramount takeover

Netflix declines to raise offer for Warner, paving way for Paramount takeover

Netflix has declined to raise its offer to buy Warner Bros Discovery's studio and streaming business, in a stunning move that effectively puts Paramount in a position to take over the fellow storied Hollywood giant.

Netflix has declined to raise its offer to buy Warner Bros Discovery's studio and streaming business, in a stunning move that effectively puts Paramount in a position to take over the fellow storied … [+4489 chars]