The battle for ownership of Warner Bros. Discovery now seems to be over after Netflix pulled out of the bidding war. The announcement came after Warner Bros said that it considered Paramount’s bid to be superior, inviting Netflix to increase its offer. While Netflix was given time to consider its position and decide to up its bid, the company decided that this move would not be in its interest. The Warner Bros announcement reads: Warner Bros. Discovery, Inc. (“WBD”) (NASDAQ: WBD) today announced that its Board of Directors (the “Board”), following consultation with its independent financial and legal advisors, has… [Continue Reading]