The agreement caps a bidding war after Netflix declined to match Paramount's latest $31-per-share offer, which was deemed superior by Warner Bros to the streaming pioneer's $27.75-per-share agreement for its assets. Paramount was in pursuit of Warner Bros since late last year when it launched a hostile campaign to wrestle the company from the streaming giant by consistently raising its offer.
from Tech-Economic Times https://ift.tt/PpmIvZ6
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