Netflix Drops Warner Bros. Bid, Leaving Paramount the Winner
Netflix Inc. dropped out of the fight to buy Warner Bros. Discovery Inc., clearing the way for rival bidder Paramount Skydance Corp. to clinch its $111 billion deal for the historic Hollywood studio.
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lamplighter
Joined 2013/04/13Visited 2026/02/26
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... The streaming industry leader said that while it believed its deal would have passed muster with regulators and created shareholder value, it didn't want to keep bidding. "We've always been disciplined, and at the price required to match Paramount Skydance's latest offer, the deal is no longer financially attractive," Netflix said Thursday in a statement. Instead, it will keep investing in its business, including about $20 billion this year on films, TV shows and other entertainment offerings. ...
"We've always been disciplined, and at the price required to match Paramount Skydance's latest offer, the deal is no longer financially attractive," Netflix said Thursday in a statement. Instead, it will keep investing in its business, including about $20 billion this year on films, TV shows and other entertainment offerings. ...
#1 | Posted by LampLighter at 2026-02-26 09:36 PM | Reply
Excuse me while I cancel anything WB related. I gave up on CNN during the '16 campaign because of blatant bias, having Lewandowski and Stone bloviating.
#2 | Posted by morris at 2026-02-26 10:01 PM | Reply
CBS, Fox, the Washington Post, and Twitter are all owned by Trump-loving billionaires and soon CNN will be too. Here's why American media has a liberal bias problem.
~ New York Times Pitchbot ~
#3 | Posted by reinheitsgebot at 2026-02-26 10:18 PM | Reply
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