Paramount win? Netflix drops out of WBD bidding war

Netflix said Thursday afternoon that it has “declined to raise its offer for Warner Bros.” after the Warner Bros. Discovery board determined that Paramount has submitted a “superior” offer.
The announcement means that Paramount has suddenly moved much closer to taking over CNN and the rest of the assets owned by WBD.

0:00 Netflix declines to raise offer for WBD
2:50 White House influence on the deal
4:11 Paramount's four concessions
5:21 Regulatory signals
6:55 Effects on journalism

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