warner bros

The combined company will control two legacy studios

The Gulf backers will not have voting rights in the new Paramount-Warner entity

He could also receive up to US$335.4 million in reimbursement for taxes

Chinese ownership of US assets has been a cause for concern in Washington, resulting in a deal for social media site TikTok’s US operation this year

Still, the bid is likely to face antitrust scrutiny in Washington, foreign countries and US states, including California

Netflix will have a chance to match if Warner Bros deems new Paramount bid superior

Its competitor Netflix is allowed to match its latest bid

Netflix’s plan to buy Warner Bros Discovery may squeeze theatrical releases, analysts say

The broad scope is a strong sign that it will take months before the United States decides whether to challenge the deal in court