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Netflix backs out of Warner Bros bidding war after Paramount made 'superior' offer

Netflix backs out of Warner Bros bidding war after Paramount made ‘superior’ offer

Netflix co-CEO Ted Sarandos responds to criticisms over the streaming service’s proposed acquisition of Warner Bros. Discovery on ‘The Claman Countdown.’ Netflix dropped its bid to buy Warner Bros. after the studio announced Paramount’s latest bid to buy the entire company was “superior.” “The transaction we negotiated would have created shareholder value with a clear…

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