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Netflix Drops Warner Bros. Merger, Paramount & Skydance Take Lead

Published 4 days, 8 hours ago
Description

Netflix withdraws from Warner Bros. Discovery merger, as board chooses Paramount and Skydances higher offer. Paramounts bid includes a seven billion dollar fee if regulators block it, and Larry Ellison pledges extra funds for bank requirements. Eleven Republican state attorneys general urge Justice Department review, citing potential price hikes and reduced competition.

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