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Euronews
Euronews
AP with Euronews

Warner Bros rejects fresh takeover offer from Paramount in favour of Netflix

Paramount Netflix Warner Warner Bros Warner Bros Discovery

Warner Bros rejected Paramount’s latest takeover bid on Wednesday, telling shareholders to stick with a rival offer from Netflix.

Warner’s leadership has repeatedly rebuffed Skydance-owned Paramount’s overtures — urging shareholders just weeks ago to back its the sale of its streaming and studio business to Netflix for $72bn (€61.62bn).

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