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Warner Bros. Rejects Latest Paramount Bid, Favoring Netflix

Warner Bros. Discovery Inc. rejected an amended takeover offer from Paramount Skydance Corp. and encouraged shareholders to stick with a deal it has in place with Netflix Inc., voicing skepticism about the interloper's ability to pull off what it said would effectively be the largest leveraged buyout in history. Bloomberg's Geetha Ranganathan joins to discuss with Paul Sweeney and Scarlet Fu. (Source: Bloomberg)