Paramount, Netflix and Warner
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After Paramount accused Warner Bros. of treating it unfairly during the deal talks, Warner Bros. has now gone on the offensive, telling shareholders that the Ellisons, the family that controls Paramount, "consistently misled" them about guarantees of the deal's funding, according to a new filing.
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What is a hostile takeover bid?
Paramount Skydance on Monday launched a hostile takeover bid for Warner Bros. Discovery, moving directly to appeal to shareholders with an all-cash offer that it says represents better value than the $72 billion deal Netflix and WBD announced Friday.