Netflix has declined to increase its offer to purchase Warner Bros Discovery's studio and streaming business. This decision has positioned Paramount to potentially take over Warner. Paramount's superior bid,

Ted Sarandos had just wrapped up a White House meeting with Attorney General Pam Bondi on Thursday when Warner Bros. Discovery released a statement announcing that Paramount’s latest bid for the media...

Almost immediately Paramount, who months earlier had expressed interest in purchasing Warner Bros., initiated a hostile takeover bid for the whole company, which culminated in a $31 per share offer th...