Summary
Netflix decided not to increase its offer to buy Warner Bros Discovery after the studio said Paramount Skydance had a better offer. This decision allows Paramount to continue its attempt to buy Warner Bros.
Key Facts
- Netflix chose not to raise its bid for Warner Bros Discovery.
- Warner Bros said Paramount Skydance's offer was better than Netflix's.
- Paramount increased its offer by $1 per share recently.
- Warner Bros put itself up for sale last year.
- Netflix executives stated the deal with the higher offer was not financially appealing.
