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flag Paramount launches hostile $72B bid for Warner Bros. Discovery, challenging Netflix’s offer.

flag As of December 8, 2025, Paramount Global has launched a hostile takeover bid for Warner Bros. flag Discovery, challenging a previously reported $72 billion offer from Netflix. flag The proposed acquisition, which includes a mix of stock and cash, aims to consolidate media assets and strengthen Paramount’s position in the streaming era. flag Warner Bros. flag Discovery has not publicly responded, and no formal bid has been filed. flag The move could reshape the entertainment industry, but regulatory scrutiny and legal hurdles are expected if the deal advances.

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