Warner Brothers Discovery rejected the latest takeover offer from Paramount Skidance, saying it was still inferior to rival Netflix’s offer. Despite billionaire Larry Ellison’s $40 billion guarantee, WBD’s board says the plan is a risky debt-financed buyout. But first, the United States says it is “selectively” lifting sanctions to allow Venezuelan oil to return to international markets, starting with the sale of up to 50 million barrels to the US.
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