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Warner Bros Discovery Board Rejects Rival Bid from Paramount

©Courtesy of Paramount Pictures  Warner Bros. Discovery announced on Wednesday morning that it is giving a thumbs-down to Paramount’s hostile takeover bid, arguing that Netflix would be a better suitor. Paramount is offering $30 per share for the entire company, while Netflix is making a $27.75-per-share offer for Warner Bros. and HBO. In a letter…

Netflix Is Officially Getting into the Video Game Market

Back in April, we reported that Netflix was considering a future in gaming. That move has become official now with the hiring of Mike Verdu as vice president of game development, a position that will report directly to Chief Operating Officer Greg Peters, according to Bloomberg. Verdu comes to Netflix with a proven background in…