"No Reckless Bidding"... Netflix Withdraws Acquisition Proposal for Warner Brothers
Netflix Official Announcement: "Bid Increase Proposal Rejected"... Capital Discipline and Shareholder Value First
The absolute powerhouse of the global streaming market, Netflix, has officially withdrawn its plan to acquire Warner Bros. Discovery . This big deal, which had raised expectations for the birth of a media giant, has come to an end as Netflix decided not to raise its acquisition price any further.
