https://archive.is/iX4Lh
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On Thursday, Netflix dropped out of the bidding for Warner Bros., clearing the way for Paramount to acquire the company for $31 per share, or $111 billion. It was more than double the company's valuation in September, before news of Paramount's interest became public.
The deal is a huge win for shareholders and for Mr. Zaslav, the conclusion of a bidding war he played a major role in engineering..."
