Ellison Backs Paramount's $40.4B Bid for Warner Bros. Discovery

Paramount Skydances hostile bid for Warner Bros. Discovery intensifies with Larry Ellisons $40.4 billion equity financing. Paramount counters Netflixs $27.75 per share offer with a $30 all-cash bid, urging Warner Bros. Discovery shareholders to choose their superior deal. The bidding war captures President Trumps attention, potentially influencing regulatory hurdles for Netflix. Ellisons involvement could reshape Hollywoods power dynamics.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.