David Ellison, Paramount and Warner Bros.
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The Paramount Skydance CEO writes that his $30-a-share hostile bid is superior to Netflix's "across every dimension
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 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 CEO David Ellison reportedly told multiple Trump administration officials he would demand changes to CNN if he took hold of WBD’s assets.
Paramount is taking its case to Warner Bros. Discovery shareholders after launching a hostile takeover offer to pry the company away from Netflix.