Netflix exits bidding war for Warner Bros.
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Netflix is revising its $72 billion offer for Warner Bros. Discovery to make it an all-cash transaction. Netflix initially put forth a cash and stock deal valued at $27.75 per Warner Bros. share, giving it a total enterprise value of $82.7 billion ...
The Warner Bros. Discovery board says the latest offer from Paramount is 'superior' to its deal with Netflix, which now has four days to counter.