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President Trump said the acquisition "could be a problem," suggesting he will insert himself into the regulatory review of the transaction.
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Paramount making a bid to acquire Warner Bros. Discovery, swooping in just days after Netflix announced a $83 billion deal to purchase a large part of the media giant.
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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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The offer to shareholders comes days after Warner Bros. agreed to sell its streaming and studio business to Netflix.
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