economy

Netflix drops bid for Warner Bros. Discovery and paves way for Paramount acquisition

Netflix has ended its bid for Warner Bros. Discovery and is clearing the way for a Paramount acquisition. CBS News' Jo Ling Kent reports.

Netflix drops bid for Warner Bros. Discovery and paves way for Paramount acquisition

TL;DR

  • Netflix has ended its bid for Warner Bros. Discovery.
  • This action clears the way for a Paramount acquisition.
  • CBS News' Jo Ling Kent reported on the development.