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Warner Bros rejects Paramount takeover again and tells shareholders to stick with Netflix bid
Warner’s leadership has rebuffed Paramount’s overtures again and urged shareholders to back the sale of its streaming and studio business to Netflix for $72 billion. Warner expressed concerns that the Paramount bid would essentially be a leveraged buyout, which includes a lot of debt. A merger with either company could take over a year to close — and will attract tremendous antitrust scrutiny along the way. FRANCE 24's Yuka Royer takes a look.