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Warner Bros. is in the middle of a bidding war between Paramount and Netflix.
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Warner Bros. is again rejecting a takeover bid from Paramount and telling shareholders to stick with a rival offer from Netflix.
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Paramount went hostile with its bid last week, asking shareholders to reject the deal with Netflix favored by the board of Warner Bros.
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Paramount is making a hostile bid for Warner Bros. Discovery just days after Netflix reached a $72 billion deal with the company.
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The new combined company is valued at around $28 billion.