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United States: Strategic developments in Los Angeles
Paramount and Warner Bros merge into one Hollywood giant Paramount has completed an $81 billion purchase of Warner Bros. Discovery, as its owner Skydance creates a new entertainment behemoth. Billionaire David Ellison's hostile takeover bid defeated rival efforts from Netflix.
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This event was reported on rssby @Deutsche Welle World. The summary above is an automated, neutral description; always consult the original report before relying on it.
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