Netflix Walks Away, Senate Hearing Scrapped on WB Deal
TL;DR
Netflix dropped its bid for Warner Bros., removing a trigger for a Senate antitrust hearing on Paramount’s bid for Warner Bros. Discovery. Senate Judiciary antitrust chair Mike Lee gave no clear indication of whether a hearing will be held, while Democrat Cory Booker urged Paramount CEO David Ellison to testify next week.
- After Netflix Drops Warner Bros. Bid, GOP Senator Cancels Planned Antitrust Hearing Deadline
- Democratic lawmakers push back on Paramount’s potential takeover of Warner Bros. Discovery NBC News
- California now biggest obstacle to Paramount's Warner Bros takeover Reuters
- Paramount's WBD takeover 'is not a done deal,' says California's attorney general Business Insider
- California Attorney General Plants Flag on Paramount-Warner Bros. Merger: “Not a Done Deal” The Hollywood Reporter
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