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Warner Bros Discovery said Paramount's revised $31-a-share offer was superior to its existing deal with Netflix, giving the streaming giant four business days to respond or walk away from the bidding war for the coveted Hollywood studio.
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Netflix said it had backed away from its deal to acquire Warner Bros. Discovery, essentially paving the way for a takeover by Paramount.
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Netflix declined to raise its offer to buy Warner Bros. Discovery, a stunning move that puts Paramount in a position to take over the Hollywood giant.
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Netflix declines to raise offer for Warner Bros., says the deal is "no longer financially attractive."
Netflix declines to increase its offer for Warner Bros., ceding a bidding war for the media giant to Paramount Skydance
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Paramount has won the bidding war for Warner Discovery after Netflix said it wouldn't match Paramount’s revised offer
