Warner Bros. rejects Paramount's revised offer

Warner Brothers Discovery has rejected the newest takeover bid from Paramount Skydance, saying it is nonetheless inferior to a rival provide from Netflix. Regardless of a $40 billion assure from billionaire Larry Ellison, WBD’s board says the plan is a dangerous leveraged buyout, financed by debt. However first, the US says it is “selectively” eradicating sanctions to deliver Venezuelan oil again into worldwide markets, beginning with the sale of as much as 50 million barrels to the US. 



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