In reversal, Warner Bros. jilts Netflix for Paramount

[AngelOfThyNight]

In reversal, Warner Bros. jilts Netflix for Paramount

Warner Bros. says Paramount's sweetened bid to buy the whole company is "superior" to an $83 billion deal it struck with Netflix for just its streaming services, studios, and intellectual property.
     

Warner Bros. says Paramount's sweetened bid to buy the whole company is "superior" to an $83 billion deal it struck with Netflix for just its streaming services, studios, and intellectual property.

(Image credit: Bloomberg/Bloomberg via Getty Images)

Source: In reversal, Warner Bros. jilts Netflix for Paramount