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[Netflix Withdraws Warner Bros. Discovery Bid, Clearing Way For Paramount Skydance Acquisition] Netflix Inc. Has Withdrawn Its Bid For Warner Bros. Discovery Inc., Stating The Deal Was No Longer Financially Attractive At Paramount Skydance Corp.'s Latest Offer. This Withdrawal Clears The Path For Paramount Skydance To Proceed With Its $111 Billion Acquisition Of Warner Bros. Discovery Inc., Which Includes An Assumed Debt Of $45.7 Billion Guaranteed By A Trust Associated With Larry Ellison, With Committed Debt Financing Of $57.5 Billion From Bank Of America Corp., Citigroup Inc., And Apollo Global Management Inc. Warner Bros. Deemed Paramount's $31-a-share Bid As The Superior Offer.

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