Tech
Warner Bros. sticks with Netflix merger, calls Paramount’s $108B bid “illusory”
Larry Ellison “didn’t raise the price” On December 5, after a bidding war that also involved Paramount and Comcast, Warner Bros. struck a deal to sell Netflix its streaming and movie studios businesses. Netflix, already the world’s largest streaming service, would become an even bigger juggernaut if it completes the takeover including rival HBO Max, […]
Larry Ellison “didn’t raise the price”
On December 5, after a bidding war that also involved Paramount and Comcast, Warner Bros. struck a deal to sell Netflix its streaming and movie studios businesses. Netflix, already the world’s largest streaming service, would become an even bigger juggernaut if it completes the takeover including rival HBO Max, WB Studios, and other assets.
While the Paramount bid is higher, it would involve the purchase of more Warner Bros. assets…
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