Paramount’s new, hostile offer to Warner Bros. Discovery
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Warner Bros. is in the middle of a tug-of-war between Netflix and David Ellison’s company, Paramount Skydance.
Oracle founder Larry Ellison provides $40.4 billion personal guarantee for son David's Paramount bid to acquire Warner Bros Discovery from Netflix.
Warner Bros. Discovery went on the attack against Larry and David Ellison on Wednesday, urging shareholders to reject their hostile takeover offer and saying the Ellisons have “consistently misled” them.
A high-stakes battle over the future of Warner Bros. Discovery ( WBD) has drawn in a growing circle of political operatives tied to President Donald Trump, underscoring how Washington influence is shaping one of the media industry’s biggest takeover fights, The Wall Street Journal reported Sunday.
Warner Bros. Discovery confirmed receipt of Paramount’s amended, unsolicited tender offer, which it "will carefully review and consider”
Netflix Inc. has forged ahead of Paramount Skydance Corp. in bid for Warner Bros. Discovery Inc. Warner Bros. Discovery’s board of directors rejected