Paramount Launches Hostile Takeover for Warner Bros
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Paramount wants to buy Warner Bros. Discovery. They made an offer to buy the company. This could change the entertainment world. Netflix also wants to buy Warner Bros. Discovery for $72 billion.
Paramount is offering more money to Warner shareholders. Their offer is $77.9 billion to buy all of Warner. They want to buy everything including the cable business.
Paramount says Warner did not talk to them. They made many offers before this one. Paramount thinks their offer will be approved by Donald Trump.
Trump said the Netflix deal could be a problem. He plans to check the deal himself. Netflix thinks Warner will refuse the Paramount offer.
Politicians are worried about the effect on prices. They are also worried about jobs in movie theaters. Paramount thinks their deal will help competition and movies.
Questions
Who wants to buy Warner Bros. Discovery?
Paramount and Netflix want to buy Warner Bros. Discovery.
How much is Paramount offering to buy Warner?
Paramount is offering $77.9 billion to buy Warner.
What are politicians worried about?
Politicians are worried about prices and jobs in movie theaters.
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