Netflix Drops Warner Bros. Merger, Paramount & Skydance Take Lead
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Netflix withdraws from Warner Bros. Discovery merger, as board chooses Paramount and Skydances higher offer. Paramounts bid includes a seven billion dollar fee if regulators block it, and Larry Ellison pledges extra funds for bank requirements. Eleven Republican state attorneys general urge Justice Department review, citing potential price hikes and reduced competition.
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