In reversal, Warner Bros. jilts Netflix for Paramount

Warner Bros. Discovery said Thursday that it prefers the latest offer from rival Hollywood studio Paramount over a bid it accepted from Netflix. Bloomberg/Bloomberg via Getty Images/Bloomberg

Bloomberg/Bloomberg via Getty Images/Bloomberg

The Warner Bros. Discovery board announced late Thursday afternoon that Paramount’s sweetened bid to buy the entire company is “superior” to an $83 billion deal it had struck with Netflix for the purchase of its streaming services, studios, and intellectual property.

Netflix says it

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