Netflix Declines to Up Offer After WBD Chooses Paramount Bid [UPDATED]

UPDATE—6 p.m. ET: Netflix is out. Following Warner Bros. Discovery’s decision to call Paramount’s new merger bid “superior” to Netflix’s deal, the streamer has announced it’s not going to up its offer. In a statement, Netflix co-CEOs Ted Sarandos and Greg Peters said that “the deal is no longer financially attractive, so we are declining

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