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What Really Happened in the Battle for Warner Bros.
Description
Just when it seemed that Netflix had clinched the deal to purchase Warner Bros. Discovery, Paramount Skydance Corp. swooped in with a $110 billion counter-offer that was ultimately too good for the studio to pass up.
On today’s Big Take podcast, Bloomberg’s Lucas Shaw and Chris Palmeri take host Sarah Holder inside the behind-the-scenes negotiations that secured the deal for Paramount, how Netflix co-CEO Ted Sarandos explained his company’s decision to walk away – and the twists and turns that could still be coming in this story as two mega-studios become one.
Read more: What the Paramount-Warner Merger Means for Hollywood
David Ellison Used Political Ties, Deep Pockets to Buy Warner Bros.Netflix’s Co-CEO Explains Why He Quit the Warner Bros. Fight
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