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Paramount goes hostile in bid for Warner Bros., challenging a $72 billion offer by Netflix

NEW YORK (AP) — Paramount on Monday launched a hostile takeover offer for Warner Bros. Discovery, initiating a potentially bruising battle with rival bidder Netflix to buy the company behind HBO, CNN and DC Studios, and the right to reshape much of the nation's entertainment landscape. Emerging just days after top Warner managers agreed to Netflix's $72 billion purchase, Paramount's bid seeks to go over the heads of those leaders by appealing directly to Warner shareholders with more money 4...

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