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Steven Spielberg is within weeks of finalizing a deal to acquire Paramount Pictures, a merger that would give the legendary director control of the largest legacy studio in Hollywood and eliminate two-thirds of its executive management, citing anonymous sources familiar with the negotiations.

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Steven Spielberg is within weeks of finalizing a deal to acquire Paramount Pictures, a merger that would give the legendary director control of the largest legacy studio in Hollywood and eliminate two-thirds of its executive management, citing anonymous sources familiar with the negotiations.