Warner Bros. rejects revised Paramount offer

Warner Brothers Discovery has rejected Paramount’s latest takeover bid for Skydance, saying it was still inferior to Netflix’s competing offer. Despite a $40 billion guarantee from billionaire Larry Ellison, WBD’s board says the plan is a risky, debt-financed leveraged buyout. But first, the United States says it is “selectively” lifting sanctions to return Venezuelan oil to international markets, starting with the sale of 50 million barrels to the United States.



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