Netflix Exits Warner Bros. Discovery
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Warner Bros. Discovery on Friday formally signed an agreement to be acquired by Paramount Skydance, the two companies announced, setting the stage for one of the most consequential media mergers in re
After already buying CBS News, Paramount could soon own CNN. The ramifications of one company owning two news networks have some concerned.
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.