💨 Abstract
Warner Bros. Discovery (WBD) rejected Paramount's hostile takeover bid, calling it "illusory" and favoring a deal with Netflix to sell most of its media assets. WBD argues that Paramount's offer is undervalued and risky. Paramount, backed by Saudi, Qatari, and Abu Dhabi royal families, insists its proposal is solid. lawmakers have raised national security concerns about foreign influence. Meanwhile, Netflix proceeds with plans to acquire Warner Bros.
Courtesy: WTOP Staff
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