FNC: Netflix Declined to Raise Its Offer to Buy Warner Bros’ Discovery Studios, Which Puts Paramount in a Position to Take Over

TRANSCRIPT:

BAIER: “Just the past couple of minutes, Netflix is declining to raise its offer to buy Warner Bros. Discovery studios and streaming business. The move effectively puts Paramount in a position to take over the storied Hollywood giant. Today, Warner Bros. Board announced that Skydance own Paramount’s offer is superior to the agreement it had previously struck with Netflix. Now, Netflix says the price that would be required to buy Warner makes the deal no longer financially attractive.”