Netflix Just Abandoned Its Warner Bros. Purchase After Months of Negotiations

Netflix Just Abandoned Its Warner Bros. Purchase After Months of Negotiations

It looks like Netflix isn’t acquiring Warner Bros. Discovery after all. Late Thursday afternoon, Warner Bros. Discovery’s board announced that Paramount’s latest, sweetened bid to buy the entire company works out to be “superior” to Netflix’s previous $83 million deal for the purchase of just the streaming, studios, and intellectual property assets. However, while Warner […]