The bidding war on Warner Bros. Discovery is suddenly over: a few hours ago, Netflix officially dropped out with a joint statement by its co-CEOs (Ted Sarandos and Greg Peters), who clearly explained that matching the latest price offered by competitor Paramount Skydance would have meant the deal was no longer financially attractive for the streaming giant. They added: We believe we would have been strong stewards of Warner Bros.’ iconic brands, and that our deal would have strengthened the entertainment industry and preserved and created more production jobs in the U.S. But this transaction was always a ‘nice to […]

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