It differs from a friendly takeover - one that is mutually agreed upon by the boards of directors and shareholders at both companies.
She says cheaper costs abroad to put on a festival could also be a factor, but feels the festival is moving because "he's on the form of his life" after his Grammy win and the release of his fourth studio album, Idols, last year.
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Warner Bros, which put itself up for sale last year, said Paramount's latest bid was "superior" to Netflix's offer and called on the streaming company to raise its offer - to which Netflix refused.