Paramount's bid to acquire Warner Bros. over Netflix has turned hostile as the company aims to acquire a higher stake in television.
Warner Bros. is telling shareholders of the company that it believes a $72 billion buyout offer from Netflix is superior, and to reject a hostile takeover bid from Paramount Skydance.
Opinion
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Netflix's Battle For Warner Bros.: What To Look For Next With Paramount's Hostile Bid
The crowning of Netflix as the King of Hollywood after the Warner Bros. sweepstakes might be premature as Paramount has now launched its own hostile takeover bid.
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