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First modification: 02/27/2026 - 03:26

The streaming giant refused to raise its offer of $27.75 per share and Paramount Skydance is emerging as the likely winner of a months-long battle to acquire the historic Hollywood studio, after offering $31 per share. If closed, the business would unite two major Hollywood studios, two streaming platforms (HBO MAX and Paramount+) and two news companies ('CNN' and 'CBS'), for which the California Department of Justice opened an investigation.

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