NETFLIX WINS THE WARNER BROS. DISCOVERY BIDDING WAR, ENTERS EXCLUSIVE DEAL TALKS

Summary from the TLDR newsletter

Warner Bros. Discovery (WBD) is moving forward with exclusive deal talks with Netflix. Netflix offered WBD $30 a share for the studio and streaming assets. The deal includes a $5 billion break-up fee. Netflix obtaining WBD's assets could dramatically reshape the entertainment landscape and give Netflix even more power over Hollywood.