The streaming giant said countering Paramount’s bid was “no longer financially attractive.” ...

In a one-two punch of centibillion-dollar offers, the bidding war for Warner Bros. Discovery is over. David Ellison-owned Paramount will acquire Warner Bros. Discovery. Netflix has lost.

California politics is currently being shaken up thanks to a drive, led by the Service Employees International Union, to enact a one-time wealth tax on the state’s billionaires to offset ...