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The closely watched bidding war for David Zaslav’s Warner Bros. Discovery empire has concluded, with Netflix emerging as the victor over NBCUniversal and Paramount Skydance—the latter of which really, really wanted to win this one. In an $82.7 billion deal , Netflix will acquire the Warner Bros. catalog and film-studios division, along with its gaming properties and HBO/Max; other properties, like WBD’s cable channels (CNN, Turner Classic Movies, TLC, TNT Sports, Food Network) and Discovery+ streaming service, will still end up in a “Discovery Global” spinoff company, per the terms of a business plan Zaslav announced this summer . The convoluted split and abs

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