IllustrativeNetflix sweetens its deal for Warner Bros. as it bids for Hollywood dominance
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Netflix is reportedly seeking to acquire Warner Bros, but its bid is being challenged by Paramount, which has made a hostile offer to Warner Bros shareholders. Paramount has sweetened its offer in an attempt to stop the potential Netflix-Warner Bros deal, with some reports suggesting it has offered to pay Netflix's break-up costs. The value of Paramount's bid is reported to be as high as $108 billion, although details of the offers and the outcome are unclear.
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