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A U.S. federal judge has temporarily paused Paramount Skydance’s proposed $110 billion acquisition of Warner Bros. Discovery following an antitrust lawsuit from 12 state attorneys general.
Warner Bros. Discovery has again rejected Paramount’s revised takeover bid, calling it a risky leveraged buyout and urging shareholders to back its Netflix deal instead.
Paramount has submitted an amended $108.4 billion bid for Warner Bros. Discovery, adding a $40.4 billion personal guarantee from Larry Ellison. The move follows the WBD board’s rejection of…
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