With Netflix Retreat, Trump Ally Larry Ellison Will Soon Own Warner Brothers, HBO, CNN, CBS, Paramount, Discovery, And Part Of TikTok

Netflix has retreated from its protracted bidding war with Larry Ellison for control of Warner Brothers, giving the Trump ally likely control of Warner, CNN, and HBO. In a statement, Netflix co-CEOs Ted Sarandos and Greg Peters said that Paramount’s latest offer made the acquisition financially irresponsible: “The transaction we negotiated would have created shareholder […]