News came today that Warner Bros Discovery decided that Paramount-Skydance’s acquisition bid ($111 billion) to acquire the company was superior to that from Netflix ($82.7 billion). WBD told Netflix it had four days to up its offer. Little more than an hour later Netflix said it didn’t need four days. They were bowing out. The deal was no longer economic at the price Paramount was offering. And additional fact is that Netflix co-CEO Ted Sarandos was at the White House today while these things were happening, apparently trying to see whether Netflix had the thing any company needs for a merger in 2026: the personal approval of Donald Trump. Apparently they didn’t have it.
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