PARAMOUNT LAUNCHES HOSTILE BID FOR WARNER BROS., COUNTERING NETFLIX’S $72 BILLION OFFER. (PHOTO).

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Paramount launches hostile bid for Warner Bros., countering Netflix’s $72 billion offer  Paramount has launched a hostile bid to acquire Warner Bros. Discovery, directly challenging Netflix just days after the streaming giant reached a $72 billion agreement to take over the company. In its announcement Monday, Paramount said it is bypassing Warner Bros. leadership and appealing directly to shareholders with a $30-per-share all-cash offer for the entire company, including the Global Networks division. The company urged investors to reject the Netflix deal, which remains subject to approval. Paramount argued that the Netflix proposal would drag shareholders into a lengthy and uncertain regulatory process across multiple countries, while also tying their financial future to what it described as a complicated mix of cash and stock. The company said it has spent the past 12 weeks submitting six separate proposals to Warner Bros. Discovery in an attempt to reach an agreement. Paramount C...
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CÔTE D'IVOIRE PRESIDENT OUATTARA SWORN IN FOURTH TERM, VOWS TO DEFEND CONSTITUTION. (PHOTO).

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 Côte d'Ivoire president Ouattara sworn in fourth term, vows to defend constitution


President Alassane Ouattara, 83, was on Monday sworn in for a fourth term as leader of Côte d'Ivoire, after elections in which his two main opponents were excluded from the ballot.


Ouattara was reelected with nearly 90 percent of the vote in the October 25 election -- though turnout in the West African nation was a relatively low 50.1 percent.


The president, who has led Côte d'Ivoire since a disputed election in 2010, vowed to "loyally defend the constitution" at his inauguration, AFP reported.


Leaders from 11 African countries attended the ceremony, as well as former leaders such as Niger's Mahamadou Issoufou.


Opposition excluded


Ouattara's two main opponents, Laurent Gbagbo and Tidjane Thiam, were excluded from the ballot -- Gbagbo due to a criminal conviction and Thiam over nationality issues.


Neither politician attended the ceremony.


Ouattara won 89.7% of the vote, Electoral Commission head Ibrahime Kuibiert Coulibaly said.


Jean-Louis Billon, a former commerce minister from one of Côte d'Ivoire's richest families, came in a distant second with 3% of the vote.


Simone Gbagbo, Côte d'Ivoire's former first lady and the ex-wife of former President Laurent Gbagbo, came in third with 2.4%, under the provisional results.


Former colonial ruler France, which maintains good relations with Côte d'Ivoire, was represented by National Assembly Speaker Yael Braun-Pivet.


The United States sent Jacob Helberg, Under Secretary of State for Economic Affairs, who was due to meet with Ouattara in the afternoon.

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