Netflix exits bidding war for Warner Bros.
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With Netflix out of the picture, a Paramount and Warner Bros. Discovery deal may have fewer obstacles to regulatory approval.
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.
Ellison father and son viewed deal as a matter of survival to compete with tech giants that now dominate Hollywood
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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,
A week ago Warner Bros. Discovery had a deal in hand with Netflix. Today, it wished the giant streamer well but has moved on.