Netflix Bows Out of Warner Bidding War, Clearing Path for Paramount Victory

Netflix Bows Out of Warner Bidding War, Clearing Path for Paramount Victory

The streaming service's co-CEOs said "this transaction was always a ‘nice to have’ at the right price, not a ‘must have’ at any price"

Netflix has dropped out of the bidding war to acquire Warner Bros. Discovery (WBD), declining to raise its offer to counter a higher bid made this week by rival company Paramount Skydance, owned by D… [+1541 chars]
Netflix Bows Out of Warner Bidding War, Clearing Path for Paramount Victory - FHMnews