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The Independent UK
The Independent UK
Business
Holly Williams

Paramount sparks takeover battle for Warner Bros with £81.3 billion hostile bid

Warner Bros Paramount Netflix Warner Bros Discovery Donald Trump

Paramount has launched a hostile bid for Warner Bros Discovery in an attempt to derail the firm’s agreed 72 billion dollar (£54 billion) deal with Netflix.

Paramount said it was offering 30 dollars (£22.50) a share in cash for the whole of Warner Bros and would take the bid straight to investors, asking them to reject the deal with Netflix.

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