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Warner Bros. Discovery deems Paramount’s takeover bid superior to Netflix deal

Netflix is declining to raise its offer to buy Warner Bros. Discovery’s studio and streaming business.

HOLLYWOOD — Netflix is declining to raise its offer to buy Warner Bros. Discovery’s studio and streaming business, in a stunning move that effectively puts Paramount in a position to take over the fellow storied Hollywood giant.
On Thursday, after W… [4035 chars]

Source: KABC-TV | Published: 2026-02-26T23:09:00Z

Credit: KABC-TV

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