WBD and Paramount may have an easier time winning regulatory approval than Netflix
Mihaela Chircă
A day after Paramount Skydance emerged as the winner to take over fellow media giant Warner Bros. Discovery , questions are mounting about the companies' regulatory path forward. The WBD board said on Thursday that Paramount's revised $31-per-share offer was superior to an existing bid from Netflix , prompting the streamer to announce that it was walking away from the deal entirely and clearing the way for Paramount. Paramount's raised offer — up from $30 per share — was the latest in a series
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