But after several rejections, Paramount persistently upped its bid. It eventually came back with an all-cash offer at $31 per share and promised to cover the $7 billion regulatory termination fee if its deal with WBD doesn’t close, along with the $2.87 billion termination fee it must pay Netflix for abandoning its deal. Warner Bros. Discovery determined that the deal is “superior,” leading Netflix to walk away, saying it’s “no longer financially attractive.”
Starring: Jared Keeso, Tasya Teles, Blair Lamora, Keilani Elizabeth Rose, Ryan McDonell, Camille Sullivan, Jonathan-Ismaël Diaby, Terry Ryan, and Harlan Blayne Kytwayhat
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The Pentagon Feuding With an AI Company Is a Very Bad Sign
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