Netflix exits bidding war for Warner Bros.

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Warner Bros. Discovery Declares New Paramount Bid a ‘Superior Proposal’; Netflix Has Four Business Days to Match
The board of Warner Bros. Discovery said Thursday it has determined that the latest offer from Paramount Skydance is a “superior proposal” to its existing merger pact with Netflix.

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Opinion
Netflix or Paramount: who would be the best new owner of Warner Bros?
Netflix backs out of bid for Warner Bros. Discovery, giving studios, HBO, and CNN to Ellison-owned Paramount
Why Netflix should clear antitrust review
The Netflix merger raises fewer concerns because Netflix does not own a major theatrical studio, and competition in streaming and TV viewing will remain strong even if Netflix and HBO Max share common...

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‘David Ellison Scares the S— Out of Me’: How Paramount Beat Out Netflix, Won Warner Bros. and Will Change Hollywood Forever
Paramount to buy Warner Bros Discovery in $110 billion deal as Netflix bows out of race
Warner Bros. Discovery signs merger agreement with Paramount Skydance
Paramount Skydance’s offer of $31 a share values WBD at roughly $77 billion and includes the Warner Bros. film studio, the HBO Max streaming platform and a portfolio of cable channels, including CNN.

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Netflix Says Paramount Has Paid $2.8 Billion Breakup Fee for Warner Bros. Discovery Deal
Paramount Faces Regulatory Hurdle After Winning Warner Bros Battle