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Paramount is making a hostile bid after Netflix already confirmed it's buying the studio and streamer.
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Melania Trump went minimal, Gloria Gaynor dressed to shine, but the star of the night was the president.
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Past presidents have attended the marquee event, but on Sunday Mr. Trump was the first to host it, putting his cultural takeover of Washington in sharp relief.
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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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