Paramount Bids $108B for Warner Bros as Netflix Faces a DOJ Probe

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Warner Bros. Discovery is considering a revised $108 billion takeover bid from Paramount after the studio increased its offer to $31 per share to surpass an existing $82.7 billion agreement with Netflix.The DOJ has launched an antitrust probe into the Netflix deal as Donald Trump and several state attorneys general demand heavy scrutiny over potential market monopolies.If the board declares the proposal from David Ellison superior, Ted Sarandos and Netflix will have four days to submit a counterproposal under their merger terms.
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