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Details on Paramount Skydance bid for Warner Bros. following Netflix deal for part of company

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Details on Paramount Skydance bid for Warner Bros. following Netflix deal for part of company


Paramount Skydance has announced a hostile takeover bid for Warner Bros. Discovery after Netflix reached a deal last week to buy part of the company. The Paramount Skydance offer to purchase the entire company was presented directly to Warner Bros. shareholders. CBS News MoneyWatch correspondent Kelly O’Grady explains.



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