Paramount fights Netflix for Warner
Digest more
Paramount Skydance has launched a hostile bid to buy Warner Bros. Discovery. It comes after Netflix announced a merger with Warner Bros. Dec. 5.
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.
David Ellison has launched a hostile takeover bid for Warner Discovery, taking his case directly to shareholders after Netflix clinched a deal.