Netflix backs out of Warner Bros. bidding war after Paramount raises offer

Netflix backs out of Warner Bros. bidding war after Paramount raises offer

Video streaming giant Netflix Inc. today said it won’t be raising its offer to take over Warner Bros Discovery Inc. after Paramount Skydance Corp. stepped in with a larger bid. Netflix agreed in December to purchase a stake in Warner Bros. Discovery at $27.75…

Video streaming giant Netflix Inc. today said it wont be raising its offer to take over Warner Bros Discovery Inc. after Paramount Skydance Corp. stepped in with a larger bid. Netflix agreed in Dece… [+3146 chars]

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Netflix backs out of Warner Bros. bidding war after Paramount raises offer - FHMnews