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Netflix exits bidding war for Warner Bros.

Netflix won't increase its offer for Warner Bros., ceding bidding war to Paramount

Netflix said Thursday it would not submit a higher offer for Warner Bros. Discovery after the company’s board described Paramount Skydance’s latest offer as “superior.”

· 5h · on MSN

Netflix drops bid for Warner Bros. Discovery, paving way for Paramount Skydance

· 9h

Netflix Says Paramount Has Paid $2.8 Billion Breakup Fee for Warner Bros. Discovery Deal

· 10h

The end of Hollywood or a brighter future? What a Paramount-owned Warner Bros. means for the movies

Two of Hollywood’s oldest studios may be consolidating into one.

· 13h

Netflix se retira de acuerdo con Warner Bros y despeja el camino para Paramount

· 3h

Paramount Faces Regulatory Hurdle After Winning Warner Bros Battle

· 10h

What Does the New Paramount and Warner Bros. Merger Mean For You?

But according to Variety, Paramount’s latest bid is a $111 billion package for all of Warner Bros. Discovery—including HBO, its streaming service, and its linear cable channels.

· 11h

Netflix loses Warner Bros. bidding war. Here’s what pushed Paramount over the top

· 21h

CNBC Daily Open: Netflix walks away from Warner Bros. Discovery bid

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Netflix Banks A Quick $2.8 Billion As Paramount Pays WBD Termination Fee; Streamer’s Shares Rise Another 14%

Things in media M&A land continue to move fast with Netflix revealing that it is $2.8 billion richer after receiving the funds from Paramount.

9hon MSN

WBD and Paramount may have an easier time winning regulatory approval than Netflix

With Netflix out of the picture, a Paramount and Warner Bros. Discovery deal may have fewer obstacles to regulatory approval.

Paramount Pays Out $2.8 Billion Termination Fee to Netflix as Warner Deal Draws Near

The streaming giant on Friday confirmed that Paramount paid out the $2.8 billion fee that WBD was obligated to pay in connection with terminating their signed deal. With the fee paid out, Netflix’s deal for Warner Bros. is officially dead. Netflix disclosed the cancelation of the deal and the fee payment in an SEC filing Friday.

19h

WBD’s David Zaslav Wishes Netflix Well, “Can’t Wait” To Start Working With Paramount

A week ago Warner Bros. Discovery had a deal in hand with Netflix. Today, it wished the giant streamer well but has moved on.

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Elizabeth Warren Questions What Trump White House Told Netflix Before Paramount's WBD Merger Victory

Massachusetts Sen. Elizabeth Warren, one of the loudest antitrust voices in Congress, sharply criticized Paramount Skydance's sudden victory over Netflix in its bidding war for Warner Bros. Discovery,