How about all sides of the matter just get told to STFU and the deal is cancelled. How about that? 
This isnât good for anyone.
Doesnât matter, the race is on to be the biggest and not be left behind on a global scale. WB clearly isnât surviving as it is.
In a statement Thursday, WBD said, âFollowing the conclusion of this period, if the Board determines in good faith, after consultation with its independent financial and legal advisors, that, after considering any revisions to the terms of the Netflix merger agreement proposed by Netflix, the PSKY proposal continues to constitute a âcompany superior proposal,â WBD would be entitled to terminate the Netflix merger agreement.â
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This has just dropped too.
Such a pissing match.
Paramount now looking like taking control of everything WBD has. Studios and streaming
This means 10âs owner will own HBO Max, Para+ and CNN
very interesting
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i think iâm gonna be sick
i didnât like both deals, donât get me wrong but never wanted the paramount deal to win
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I wonder what this means for Network 10?
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Even worse shape as their parent now has to handle the debt load of the domestic cablers.
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Netflix stock shot up a massive 10% in after hours trading on the news they are pulling out. The markets hated this
Netflix has lost USD$191 billion in market cap since this bidding began
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The moment Ellison realises they own a TV network in the South PacificâŚ
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Their owner just took on $150billiom in debt
Theyâre broke !
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The very definition of getting too big for your own boots.
Variety reports âItâs overâ.
The swift response from Netflix will certainly come as a shock to the industry because the streamer had four business days, or until Wednesday, March 4 at 11:59 p.m. ET, to come up with a new proposal to salvage its WBD deal.
The now-dead Netflix deal, which included buying Warner Bros. and HBO Max, was valued at nearly $83 billion. Paramountâs latest bid, submitted Feb. 24, was an approximately $111 billion bid for the entirety of WBD, including its linear cable channels.
Among the parts of Paramountâs new bid that the Warner Bros. Discovery board says it found more favorable to Netflixâs offer were the increased purchase price to $31 a share in cash; increasing the regulatory breakup fee to $7 billion in the event the transaction does not close due to regulatory matters; Paramount reaffirming it will pay the $2.8 billion termination fee which WBD would be required to pay to Netflix to terminate its existing Netflix merger agreement.
And Dealine:
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So what are we calling it? Paramount Warner Bros Skydance Discovery?
So we get to see CNN content on Channel Ten and perhaps a CNN on Ten News branding with an Australian CNN base
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No.
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The most obvious change will be a consolidation of the SVOD services. Paramount + and HBO Max. One less subscription will be a positive for consumers.
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That is, if they donât increase the fees on the remaining streamer. Theyâll do it - thereâs debt to work off.