From CNN.

Netflix said Thursday afternoon that it has “declined to raise its offer for Warner Bros.” after the Warner Bros. Discovery board determined that Paramount has submitted a “superior” offer.
The announcement means that Paramount has suddenly moved much closer to taking over CNN and the rest of the assets owned by WBD.

0:00 Netflix declines to raise offer for WBD
2:50 White House influence on the deal
4:11 Paramount’s four concessions
5:21 Regulatory signals
6:55 Effects on journalism

Watch more CNN here: https://cnn.it/4kh5RPe

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