NEWS Netflix drops bid for Warner Bros, clearing way for Paramount takeover….

[HeadHoncho]

Netflix drops bid for Warner Bros, clearing way for Paramount takeover

Netflix has backed away from its proposal to buy Warner Bros Discovery, clearing the way for Paramount Skydance to win a months-long battle for one of Hollywood's most storied studios. 
Warner Bros, which put itself up for sale last year, on Thursday said Paramount's latest bid was "superior" to the one from Netflix, which in turn refused to raise its offer.
Netflix executives said they have declined to match Paramount Skydance's bid as "the deal is no longer financially attractive" at that price.
The winner of the bidding war would gain control of the iconic studio along with its films and media networks - a takeover that could significantly reshape the media landscape.

- - Source: https://www.bbc.com/news/articles/c5y6p5ypgmzo

bbc.com

[HeadHoncho]

Oligarch political bs.

[TurtleFartle]

Trymp’s way to control the media.

[HeadHoncho]

Trymp’s way to control the media.

Indeed