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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President Trump had repeatedly attacked the Fed for not cutting earlier. Trump has picked Kevin Warsh to lead the Fed when current chairman Jerome Powell's four-year term ends in May.
Kevin Church/BBC News