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Netflix isn’t buying Warner Bros, Paramount is

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Stevie Bonifield
Warner Bros. Discovery has rejected yet another Paramount bid.

The WBD board of directors said on Wednesday that Paramount’s amended bid from last month “remains inferior” to Netflix’s offer, adding that Paramount “continues to provide insufficient value.”

Apparently, even a personal guarantee from Larry Ellison wasn’t enough to top Netflix’s bid, which Netflix doubled down on today.

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