THE WARNER BROS. BIDDING WAR IS OVER

Summary from the TLDR newsletter

Netflix has agreed to buy Warner Bros. Discovery's studio and streaming business in an all-cash deal for $27.75 a share. The deal has been unanimously approved by Warner Bros.' board, and shareholders will vote on it in the next couple of months. The deal could be blocked by regulators, and Paramount could still increase its offer, but it previously said that the last bid was final.