Netflix dropped its bid to buy Warner Bros. after the studio announced Paramount's latest bid to buy the entire company was "superior.""The transaction we negotiated would have created shareholder value with a clear path to regulatory approval. However, we've always been disciplined, and at the price required to match Paramount Skydance's latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid," Netflix co-CEOs Ted Sarandos and Greg Peters said in a statement. They continued, "Warner Bros. is a world-class organization, and we want to...

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