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ITV top brass said that Paramount and WBD are back in business as commissioners after agreeing their merger deal. Paramount-Skydance has been busy battling Netflix for Warner Bros.
US media giant Paramount-Skydance has announced an agreement to acquire fellow company Warner Bros. Discovery, winning a bidding war against Netflix.
Netflix has reportedly withdrawn from the bidding war to acquire Warner Bros. Discovery after Paramount-Skydance's revised offer was deemed superior, with Netflix declining to raise its bid.