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Netflix said it would not submit a higher offer for Warner Bros. Discovery after the company's board described Paramount Skydance's latest offer as "superior."
Netflix stated that a previous offer to buy Warner Bros Discovery's streaming and studio assets was no longer financially attracted after Paramount Skydance revised its offer.
Netflix is declining to raise its offer to buy Warner Bros
Netflix won’t be the new owners of Warner Bros. Discovery after all. Back in December, the company beat out Paramount with a huge $83 billion deal to acquire WBD, but today the company dropped its bid. more…
