The bidding process to determine who will take over Warner Bros. Discovery is expected to enter into a third round as Paramount Skydance angles to acquire one of Hollywood’s largest film studios.

Paramount is vying with Comcast and Netflix in a bidding process to buy out WBD, a deal that promises to shake up the entertainment industry.

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On Thursday, Paramount penned a letter to WBD CEO David Zaslav expressing “serious concerns about the fairness and adequacy of the bidding process” and accused his company of abandoning “the semblance and reality of a fair transaction pr

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