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Now that Netflix has backed out of its bid to acquire WBD, the Ellisons stand to gain an entirely new trove of significant intellectual property, from DC Comics to Harry Potter. According to Reuters, Warner Bros. agreed to be acquired by Paramount Skydance in a $110 billion deal signed Friday, with Paramount Skydance agreeing to pay a $7 billion termination fee if federal regulators don’t approve the merger.
This lack of data sharing has reportedly been a bone of contention in trade talks with the US. Google argued that it was unfairly handicapped by the restrictions that allowed local apps like Naver to thrive.