Netflix

Netflix drops bid for Warner Bros. Discovery, paving the way for Paramount Skydance deal

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Netflix announced it is dropping its bid for Warner Bros. Discovery, which paves the way for Paramount Skydance, the parent company of CBS News, to acquire it instead. The merger would require approval from Warner Bros. shareholders and federal regulators. Source link

Bill Clinton to face ‘even longer’ grilling over Epstein and Netflix bows out of bidding war: Morning Rundown

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In today’s newsletter: Bill Clinton faces questioning from members of Congress over his Epstein ties. Netflix dramatically pulls out of the bidding war for Warner Bros. And North Korea’s Kim Jong Un fuels succession buzz. Here’s what to know today. Former president Bill Clinton will be first president to testify in House hearing in 40 … Read more

Netflix declines to raise offer for Warner Bros. Discovery

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IE 11 is not supported. For an optimal experience visit our site on another browser. Anthropic CEO says company cannot agree to Pentagon’s AI usage demands 04:15 Now Playing Netflix declines to raise offer for Warner Bros. Discovery 04:19 UP NEXT Hillary Clinton calls questions at hearing with lawmakers on Epstein ‘repetitive’ 12:19 Protests underway … Read more

Netflix drops $83 billion bid for Warner Bros. Discovery, paving way for Paramount Skydance deal

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Netflix said on Thursday that it will not match Paramount Skydance’s latest bid for Warner Bros. Discovery, clearing the way for a massive merger that could shake up the entertainment and media industry.  Netflix agreed in December to buy part of Warner Bros. Discovery for $27.75 a share, or $82.7 billion. But Paramount Skydance had … Read more

Warner Bros. Discovery says Paramount’s offer is ‘superior’ to Netflix deal

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Warner Bros. Discovery’s board said Thursday that Paramount Skydance’s latest offer to acquire the company, including its cable networks, is “superior” to its current deal with Netflix. In a news release, Warner Bros. said it’s alerted Netflix about the decision and that the company will have four business days to respond with a counter. Paramount’s … Read more

Warner Bros. Discovery says new Paramount bid could best Netflix offer

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Warner Bros. Discovery said Tuesday that Paramount Skydance’s revised bid for the entire company, including its cable networks. “could reasonably be” considered a superior offer compared to Netflix’s deal for its studio and streaming business. The updated offer, submitted late Monday after a seven-day extension period approved by Netflix, raises the purchase price to $31 … Read more

Netflix is winding down its DVD business after 25 years | CNN Business

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New York CNN  —  Netflix is officially winding down the business that helped make it a household name. This fall, the streaming giant will officially say goodbye to its DVD rental service and all of the red envelopes that made it possible. “On September 29th, 2023, we will send out the last red envelope,” the … Read more