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flag Paramount's $72B hostile bid for Warner Bros. Discovery challenges Netflix's offer, aiming to unite major entertainment assets amid streaming competition.

flag As of December 8, 2025, Paramount Global has launched a hostile takeover bid for Warner Bros. flag Discovery, challenging a $72 billion offer from Netflix. flag The proposed deal, which includes a mix of stock and cash, aims to create a stronger entertainment entity amid intense competition in streaming. flag Paramount argues its leadership would better preserve the value of Warner Bros. assets, including Max and film studios. flag Warner Bros. flag Discovery has not responded publicly, and no official bid has been filed. flag Regulatory scrutiny is expected if the takeover proceeds, with the outcome uncertain.

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