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Paramount’s hostile takeover bid for Warner Bros. Discovery challenges Netflix’s deal for the streaming and media powerhouse.

The offer bypassed Warner Bros.’ board, going directly to shareholders with an all-cash $30-per-share proposal against Netflix’s mixed cash-and-stock alternative.

Warner Bros.’ board is reviewing Paramount’s offer while regulatory scrutiny and Trump’s antitrust concerns hang over the Netflix deal.

Paramount set the stage this week for a high-stakes battle with Netflix when it launched a hostile takeover bid for Warner Bros. Discovery.

Their offer: Paramount would pay cash to acquire all of Warner Bros. Discovery shares for $30 apiece, for a $78 billion tak

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