David Ellison fought hard to win Warner Bros. Discovery. But despite his strenuous efforts, he lost out to Netflix — and now Ellison is switching from carrots to sticks: Paramount Skydance is taking its case directly to shareholders in a hostile takeover bid for WBD.

Paramount Skydance CEO David Ellison shared in a memo to his employees Monday his intentions for acquiring Warner Bros. Discovery and how the deal could shape the entertainment ecosystem. "We believe the combination of Paramount and Warner Bros.

Paramount is considering taking an offer straight to WBD shareholders, believing its deal has a better chance of gaining regulatory approval, sources told CNBC.

A report claims that Warner Bros. Discovery's board will, again, reject an offer from David Ellison's Paramount Skydance.

Paramount CEO David Ellison desperately wants all of Warner Bros. Discovery -- and he's reportedly willing to upend CNN if it means securing the Trump administration's approval. Ellison told multiple Trump administration officials he would demand changes to CNN if he acquired WBD's assets,

Paramount CEO David Ellison wined and dined David Zaslav and texted him over the course of six offers to acquire Warner Bros Discovery (WBD), culminating in this week’s hostile bid, corporate documents reveal.

Paramount is taking its case to Warner Bros. Discovery shareholders after launching a hostile takeover offer to pry the company away from Netflix.

Media investor Mario Gabelli is among those who may back Paramount's hostile bid over Netflix's initial offer.