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Netflix's $82.7 billion deal to buy Warner has been dramatically gazumped by Paramount, to the tune of $111 billion

Paramount Skydance has submitted a $111 billion bid to acquire Warner Bros Discovery, significantly outbidding Netflix's previous $82.7 billion proposal. The deal, which includes Warner's gaming studios like Rocksteady and Avalanche, is facing regulatory scrutiny. The impact on Warner's gaming division remains uncertain.

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