It’s just the latest twist in the acquisition saga, which started with a bidding war that reportedly also involved Apple, Amazon, and Comcast. Once Netflix and Warner Bros. came to an agreement on December 5th, Paramount tried to force its way into the deal, announcing a hostile bid worth $108.4 billion in cash. Unlike Netflix’s deal, Paramount’s includes an acquisition of all of Warner Bros. Discovery, including its cable networks.
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Paramount's traditional networks include brands such as Nickelodeon, CBS and Comedy Central, while Warner Bros would bring CNN, the Food Network and a range of sports offerings.
Cheyenne MacDonald for Engadget