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It might seem like a simple merger deal, but it's got all the ingredients of a Hollywood drama.
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The deal to acquire the Hollywood behemoth's television and film studios as well as HBO Max will bulk up the world's biggest paid streaming service.
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Paramount is considering taking an offer to WBD shareholders, thinking its deal has a better chance of gaining regulatory approval than Netflix's, sources said.
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And the wider media universe, if it can pass significant regulatory hurdles.
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