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Netflix's latest quarterly earnings reveal a profit shortfall due to a $619 million Brazilian tax expense, breaking a six-quarter profit streak. Despite revenue growth and increased global subscribers, shares fell after the report, amid mixed analyst opinions on the company's future growth and diversification efforts.
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Paramount Skydance is reportedly preparing a $71 billion bid for Warner Bros. Discovery, involving sovereign wealth funds from Saudi Arabia, Qatar, and Abu Dhabi. Denials have been issued, but reports of meetings with Middle Eastern officials suggest potential regional backing. The deal could reshape media ownership amid regulatory and political considerations.
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Multiple bidders, including Paramount Skydance, Netflix, and Comcast, are competing to acquire Warner Bros. Discovery. Paramount Skydance is seen as the front-runner due to political ties and financial backing, but regulatory hurdles and political considerations could influence the outcome. The story is current as of Thu, 04 Dec 2025.