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Paramount completes a $110 billion acquisition of Warner Bros., creating a major global media powerhouse.
Netflix released new branding tied to Warner Bros., reinforcing expectations around a landmark media acquisition.
Warner Bros. Discovery is expected to reject Paramount’s takeover proposal as early as Wednesday, reinforcing its preference for a standalone strategy.
Paramount has launched a hostile $30-per-share bid for Warner Bros. Discovery, surpassing Netflix’s offer as shareholders – not management – prepare to decide the future of the studio.
Netflix is now the leading bidder for Warner Bros. Discovery, intensifying a high-stakes takeover battle with Paramount Skydance and Comcast.