Join Puck to listen to this article
Whew! What a whirlwind week. Once Paramount finally agreed to raise its offer for Warner Bros. Discovery to $31 per share and boost a bunch of incentives, I think most people in town thought Netflix would at least go one round of matching. But no, co-C.E.O.s Ted Sarandos and Greg Peters folded this afternoon, right after Sarandos met with Attorney General Pam Bondi in D.C. Barring intervention from regulators in this country or overseas, the move clears the way for David Ellison and the $111 billion he and his father cobbled together to take over Warner Bros., HBO Max, CNN, and all the other cable networks.
