Episode Details
Back to EpisodesNetflix backs out of bid for Warner Bros. Discovery, giving studios, HBO, and CNN to Ellison-owned Paramount
Published 6 months, 1 week ago
Description
In a one-two punch of centibillion-dollar offers, the bidding war for Warner Bros. Discovery is over. David Ellison-owned Paramount will acquire Warner Bros. Discovery. Netflix has lost.
Plus, Plaid valued at $8B in employee share sale. The new valuation is a 31% increase from $6.1 billion Plaid reached in April.
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