Netflix is refusing to raise its offer to buy Warner Bros Discovery.
The decision effectively paves the way for Paramount Skydance to take over the Hollywood studio business.
The deal for Paramount to gain control over the studio and its film and media networks is worth around $110bn.
Investment Director at AJ Bell Russ Mould says uncertainty remains.
IN: 'It may...
SOC: ...discovery.'
DUR: 29 seconds
http://www.fsnradionews.com/feeds/0227warner-mould1.mp3
The decision effectively paves the way for Paramount Skydance to take over the Hollywood studio business.
The deal for Paramount to gain control over the studio and its film and media networks is worth around $110bn.
Investment Director at AJ Bell Russ Mould says uncertainty remains.
IN: 'It may...
SOC: ...discovery.'
DUR: 29 seconds
http://www.fsnradionews.com/feeds/0227warner-mould1.mp3