Tails' ChannelFeb 27
Netflix has folded on its bid to buy Warner Bros. Discovery's studio and streaming assets tonight, after Paramount Skydance came in with a higher bid. Critics raised fears about job cuts and higher prices, and antitrust scrutiny could complicate or derail the merger entirely. #SonicNews
Show threadTails' ChannelFeb 27
WBD and Par both have #Sonic ties via (and etc.): a DC collab + the #SonicMovie series, respectively. A merge puts both under one owner. Netflix separately delivers #SonicPrime and select Sonic mobile apps. Uncertain if that changes; the question is whether regulators let the deal happen at all.
Show threadTails' Channel
Paramount Skydance spent months attempting to outbid Netflix. Today, the WBD board said Par's $31 per share offer and fee guarantees for the full company is "superior" to Netflix's original bid for $27.75 per share. Netflix said the new price made the deal "no longer financially attractive."

Netflix Declines to Raise Offe...
Netflix Declines to Raise Offer for Warner Bros. - About Netflix

About Netflix
Feb 27 at 4:19amWeb