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Netflix walks away from its deal to buy Warner Bros. after Paramount came back with a better offer

Netflix has dropped its $83 billion deal to acquire the Warner Bros. studio and its streaming service HBO Max. In an announcement on Thursday, co-CEOs Ted Sarandos and Greg Peters say the streamer is "declining to match" the new bid made by Paramount: The transaction we negotiated would have created shareholder value with a clear […]

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