The Writers' Guild of America is condemning the potentially disastrous impacts of a merger between Paramount and Warner Bros. Discovery.
David Ellison's Paramount Skydance is seen as the top contender to buy Warner Bros Discovery, with analysts and experts saying the tech scion's access to deep pockets and Washington ties give him an edge in what could be the media industry's biggest merger in years.
David Ellison's Paramount Skydance is seen as the top contender to buy Warner Bros Discovery, with analysts and experts saying the tech scion's access to deep pockets and Washington ties give him an edge in what could be the media industry's biggest merger in years.
Warner Discovery CEO David Zaslav was offered a role at the combined companies as part of the Ellison overture.
As the Post has exclusively reported, David Zaslav has rejected three private offers for WBD from Paramount Skydance.
Warner Bros. Discovery confirmed it had received “unsolicited interest” from multiple parties.
Warner Brothers Discovery stock is up 91% so far this year.
On Tuesday, WBD disclosed that it has received “unsolicited interest” from prospective acquirers and said it was open to a sale.
The Warner Bros Discovery board on Tuesday rejected a Paramount Skydance offer of nearly $24 per share to buy the company, a source familiar with the matter said.
A sprawling array of streaming, cable and film properties could position a combined company to better compete with media and tech giants.
David Ellison is still giving mixed signals about what he'll offer and appears bent on forcing WBD's board to pressure Zaslav.
David Ellison's company could take a plan to create a sprawling media conglomerate directly to shareholders.