Hsin-Yi Lo,South East
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Paramount initially proposed to pay $30 per share, in an all-cash offer, which it said gave shareholders more certainty than Netflix's plan. However, it then increased its offer to $31 per share.
YouTube's chief executive Neal Mohan said: "By reconstructing the original 2005 watchpage, we aren't just showing a video; we are inviting the public to step back in time to the beginning of a global, cultural phenomenon."