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Group 1 - Warner Bros. Discovery has rejected Paramount Global's revised acquisition offer and is urging shareholders to support Netflix's acquisition proposal [1] - The board of Warner Bros. Discovery unanimously believes that Paramount's latest offer is not in the best interest of the company and its shareholders [1] - Netflix announced an agreement with Warner Bros. Discovery to acquire its television, film production, and streaming businesses for a total price of $82.7 billion [1] Group 2 - Paramount Global made a hostile takeover bid on December 8, offering $30 per share for Warner Bros. Discovery, which could total up to $108.4 billion [1] - The hostile takeover bid is defined as an attempt to acquire a publicly traded company without the consent of its board [2]