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It only took a weekend. Paramount is jumping into the fray with a hostile takeover bid, challenging Netflix's deal to buy Warner Bros. Discovery. Paramount's offer is valued at over $108 billion.
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Even as Paramount and Warner Brothers shares soared, the broader market declined as investors awaited the Fed's rate-setting meeting on Wednesday.
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Paramount has launched a hostile bid for the company that's home to Casablanca, Batman and CNN. Just Friday, Netflix and Warner Brothers executives were celebrating a deal they had struck.
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