Following an increased re-bid from Paramount Skydance to purchase Warner Bros. Discovery, the online streaming service company Netflix has bowed out of the running. The decision, made on Thursday, means that Paramount Skydance will likely be approved for the purchase of the company, whose portfolio includes the news organization CNN. In a joint statement, Netflix co-chief executives Ted…
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The amount being paid for WBD is absurd. I can’t believe this is a good move for either company, WBD or Paramount Skydance. And it’s certainly a bad move for consumers.
