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Netflix backs away from its offer to buy Warner Bros Discovery

Netflix stated that a previous offer to buy Warner Bros Discovery's streaming and studio assets was no longer financially attracted after Paramount Skydance revised its offer.

26 Feb, 23:59 — 27 Feb, 01:54
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Netflix backs away from its offer to buy Warner Bros Discovery

Netflix stated that a previous offer to buy Warner Bros Discovery's streaming and studio assets was no longer financially attracted after Paramount Skydance revised its offer.

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SCMP49m ago

Netflix abandons Warner Bros bid, clearing the way for Paramount

Netflix said Thursday it would not raise its takeover offer for Warner Bros. Discovery, effectively ceding the media giant to a rival bid from Paramount Skydance after deciding the deal was no longer financially attractive. The streaming giant’s co-CEOs Ted Sarandos and Greg Peters said they were “declining to match” Paramount Skydance’s latest offer after Warner Bros. Discovery’s board declared it a “Superior Proposal” under the terms of its existing merger agreement with Netflix. The...

By Agence France-Presse

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faz58m ago

Kein „Must Have“: Netflix gibt im Rennen um Warner auf

Der Streamingdienst zieht sich abrupt aus dem Bieterkampf um den Unterhaltungskonzern zurück – und macht damit die Bahn frei für den Rivalen Paramount.

By Roland Lindner, New York

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nos1h ago

Strijd om Warner Bros. lijkt beslist: Netflix trekt zich terug

De Amerikaanse film- en tv-producent Warner Bros. lijkt toch in handen te komen van concurrent Paramount. Netflix heeft zich namelijk teruggetrokken uit de strijd om de overname. Netflix laat weten geen hoger bod te doen. Eigenlijk zou Netflix Warner Bros. overnemen, zo bleek eind vorig jaar, maar Paramount mengde zich al snel in de strijd. Die laatste heeft volgens de raad van bestuur van Warner Bros. Discovery nu een "superieur voorstel" gedaan. Naast 111 miljard dolla...

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le-monde1h ago

Netflix walks away from Warner Bros bid, clearing path for Paramount

The streaming giant's co-CEOs Ted Sarandos and Greg Peters said they were 'declining to match' Paramount Skydance's latest offer, which included a purchase price of $31.00 per share in cash, a one-dollar increase from its earlier bid, which valued the company at around $108 billion.

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la-vanguardia1h ago

Netflix tira la toalla y Paramount gana la apuesta para quedarse con Warner Bros

Los codirectores ejecutivos del gigante del streaming renuncian a la puja porque el precio ya no es el adecuado para los accionistas ni financieramente atractivo

By Francesc Peiron Arques

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