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Warner Bros Discovery Rejects Paramount's Bid, Chooses Netflix
Published 4 days, 21 hours ago
Description
Warner Bros Discoverys board rejects Paramount Skydances $108.4 billion bid, citing excessive debt risks. Instead, theyre proceeding with Netflixs $82.7 billion offer, praised for its financial stability and lower debt burden. The boards decision underscores Hollywoods merger scramble amid streaming wars and uncertain box office returns, with Warners iconic franchises at stake.
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