Paramount fights Netflix for Warner
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Paramount sent a letter from CEO David Ellison addressed to Warner Bros. Discovery shareholders that 'clearly sets out why Paramount’s $30.00 per share all-cash offer to acquire all of WBD is superior to WBD’s transaction with Netflix.
The bidding war to buy Warner Bros. Discovery is creating wild stock-price swings. There is more than one way to take advantage.Warner stock has been moving since news surfaced at the end of October that Netflix was interested in buying Warner Bros.