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Warner Bros. Backs Netflix's $7.2B Acquisition Over Paramount's $10.84B Offer

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Warner Bros. Discovery’s board backed Netflix’s $7.2B project announcement over Paramount Skydance’s $10.84B offer. The deal includes a $27.75 per share mix of cash and stock, expiring Jan 8, 2026. Warner must spin off TV networks by Q3 2026. On-chain news shows shares of Warner and PSKY fell, while NFLX rose.
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