Warner Bros. jilts Netflix for Paramount

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Netflix won't increase its offer for Warner Bros., ceding bidding war to Paramount
Warner Bros. Discovery's board of directors said Thursday that Paramount Skydance's latest offer to acquire the company, including its cable networks, is "superior" to its current deal with Netflix.

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Warner Bros. Discovery says Paramount’s $31 per share bid is ‘superior’ to Netflix offer — latest twist in bidding war
Netflix backs out of bid for Warner Bros. Discovery, giving studios, HBO, and CNN to Ellison-owned Paramount
Warner Bros says Paramount bid superior, countdown begins for Netflix response
Warner Bros Discovery (WBD.O) said Paramount Skydance's revised $31-a-share offer was superior to its existing deal with Netflix, giving the streaming giant four business days to respond or walk away ...

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Netflix Stock Up Nearly 10% After Ditching Warner Bros. Discovery Deal
Warner Bros Discovery Board Calls Paramount’s Offer “Superior,” Now Netflix Has Four Days To Match
Warner Bros. Discovery Deems Paramount’s $111 Billion Bid ‘Superior’
Shareholders have seemingly questioned Netflix’s move to buy a legacy movie business — and the costs that has come with it: It has lost more than $60 billion in market value since announcing the deal ...

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Paramount Brass Talk Film Studio’s ‘Rebuild Phase’ and Potential for New NFL Rights Deal
Paramount’s David Ellison Called to Senate Antitrust Hearing After Netflix Exits WBD Bidding War