THE INSIDE STORY OF HOW NETFLIX WON THE WARNER BROS. AUCTION

Summary from the TLDR newsletter

Netflix outmaneuvered Paramount to buy Warner Bros. in a deal that may change Hollywood forever. The deal still needs to pass regulatory scrutiny before it can pass, and there is plenty of opposition against the deal. Paramount could still launch a hostile bid. This article tells the story of the acquisition based on conversations with more than a dozen individuals directly involved in the process.