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Netflix Backs Out of Bid for Warner Bros., Paving Way for Paramount Takeover
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Netflix Backs Out of Bid for Warner Bros., Paving Way for Paramount Takeover

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The move was a stunning development in the long-running corporate battle for the storied media giant.

Netflix said on Thursday that it had backed away from its deal to acquire Warner Bros. Discovery, a stunning development that paves the way for the storied Hollywood media giant to end up under the control of a rival bidder, the technology heir David... [407 chars]

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Source: The New York Times

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