Netflix has boosted its offer for media giant Warner Bros Discovery (WBD) as it seeks to fend off a hostile takeover from entertainment conglomerate Paramount.
Netflix has seen its shares fall sharply despite upbeat financial results revealed hours after it simplified an offer for Warner Bros in a bid to get the deal over the line.
Donald Trump has said he will be "involved" in the decision on whether Netflix should be allowed to buy Warner Bros, as the $72bn (£54bn) deal attracts a media industry backlash.
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08-12-2025, 07:46 AM
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