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Netflix is declining to raise its offer to buy Warner Bros. Discovery’s studio and streaming business.

That could mean the start of a fresh bidding war over Warner.

WBD has valued Paramount Skydance's latest takeover offer as superior to a deal with Netflix, another twist in the ongoing battle for the legacy media assets.

WBD board says $31-per-share offer constitutes ‘company superior proposal’, triggering Netflix’s window to respond

Netflix's decision to back down from the bidding war clears the path for Paramount to win the takeover battle.

Netflix on Thursday stateside said it declined to raise a counteroffer for Warner Bros. Discovery's studio and streaming assets.

Netflix on Thursday stateside said it declined to raise a counteroffer for Warner Bros. Discovery's studio and streaming assets.

Rolling coverage of the latest economic and financial news

NEW YORK: Netflix is walking away from its offer to buy Warner Bros. Discovery’s studio and streaming business, in a stunning move that effectively puts Paramount in a position to…

Here are five key things investors need to know to start the trading day.

Warner's board hasn't officially adopted Paramount's merger agreement yet, but once it does, Zaslav said it “will create tremendous value.”

Paramount beats Netflix to the major deal, pleasing figures in DC and LA alike, the BBC's culture and media editor writes.

Netflix has decided to drop its attempt to buy Warner Bros. Discovery after Paramount Skydance raised its purchase offer, ending a monthslong battle.

Paramount's merger with Warner Bros would unite two major Hollywood studios, two streaming platforms and two news operations.

Paramount's merger with Warner Bros would unite two major Hollywood studios, two streaming platforms and two news operations.

Netflix declined to raise its proposal to match a higher one from Paramount for Warner Bros.

Warner Bros signs a $110 billion acquisition deal with Paramount, following Netflix's decision not to match their offer.

With Netflix out of the picture, a Paramount and Warner Bros. Discovery deal may have fewer obstacles to regulatory approval.

Netflix walked away from talks on Thursday, paving the way for Paramount to secure the acquisition