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The Latest Breaking News from David Ellison

David Ellison Said To Assure White House He'd Make 'Sweeping Changes' To Steer CNN 'Pro-Trump'

Reports say David Ellison assured White House officials he could reshape CNN's lineup to favour President Trump as Paramount Skydance launched a £81.3bn ($108.4bn) hostile bid for Warner Bros. Discovery, prompting press-freedom alarms and regulatory scrutiny.

International Business Times UK

Ignore the Entertainment Companies

Plus: Lost Vegas, Gen Z listlessness, Kushner mystique, Nvidia goes to China, and more...

Reason

Behind Paramount's Hostile $108 Billion Bid For Warner Bros Discovery Was— Unanswered Texts?

David Ellison-led Paramount Skydance (NASDAQ:PSKY) launched a hostile bid worth $108.4 billion for Warner Bros Discovery (NASDAQ:WBD) on Monday, in a last-ditch effort to outbid streaming giant Netflix Inc. (NASDAQ:NFLX) and create a content powerhouse. A regulatory filing on Monday revealed that the HBO owner’s lack of response fueled Paramount’s…

Benzinga

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read the most diverse news in one place.

When David Ellison was 13, his billionaire father Larry bought him a plane. He competed in airshows before leaving it to become a Hollywood executive

Ellison, 42, revived “Top Gun”—and now he’s taking the fight to Netflix.

Fortune

David Ellison Net Worth Explained: How the Paramount Chief Is Funding a Historic Hostile Takeover

David Ellison's net worth and financial backing come into focus as Paramount launches a historic hostile takeover bid for Warner Bros Discovery.

International Business Times UK

David Ellison's $30 Offer to Buy Warner Bros. Discovery Could Change the Shows You Watch

David Ellison offers $30 per share to buy Warner Bros., beating Netflix's $27.75 bid. Shareholders will choose between two contrasting visions for the company's future by 8 January.

International Business Times UK

Takeover bid of parent company means limbo for CNN, some fellow cable networks

It's a tough time for CNN, which looks like it will be in management limbo for some time with Paramount Skydance's hostile takeover bid of its parent company, Warner Bros

The Independent UK

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Paramount rips Warner’s sale ‘process’ as it reveals 2-year-long pursuit and escalating bids before going hostile

Warner “did not provide a single markup of a single transaction document” or engage in any back-and-forth negotiation for months, its jilted suitor said.

Fortune

Trump May Require '60 Minutes' Apology Before Blessing Paramount's Warner Bid

A race to acquire Warner Bros. Discovery (NASDAQ:WBD) by Netflix Inc (NASDAQ:NFLX) and Paramount Skydance (NASDAQ:PSKY) intensified with an all-cash offer from the latter for the media company on Monday.

Benzinga

Anderson Cooper puts end to CBS vs. CNN job speculation as he inks new deal

Anderson Cooper was one of the high-profile names that Bari Weiss was looking to poach to lead a rebooted version of ‘CBS Evening News.’

The Independent UK

Why has Paramount Skydance launched a hostile bid for Warner Bros Discovery – and what happens now?

The future of some of the world’s most prominent media and entertainment businesses hangs in the balance

The Guardian - US

Donald Trump Says He'll 'Be Involved' in Choosing Who Gets To Merge With Warner Bros.

Paramount Skydance is banking on the Ellison family's relationship with Trump following Netflix outbidding the company to acquire Warner Bros.

Reason

The Historic Netflix-Warner Merger May Not Be As Certain As You Think

A new player has entered the corporate arena.

Inverse

Paramount just trumped Netflix's Warner Bros deal, but I don't see how this will be good news for any of us

Just when you thought the Netflix plan to acquire Warner Bros. was all but a done deal, Paramount swoops in, and things just got very interesting.

TechRadar

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Benzinga

'Cash Is Still King': Paramount CEO David Ellison Throws $108 Billion All-Cash Bid To WBD Shareholders

In a move that upended the media landscape, Paramount Skydance Corp. (NASDAQ:PSKY) officially launched a hostile, all-cash tender offer for Warner Bros. Discovery, Inc. (NASDAQ:WBD) on Monday.

Fortune

Jared Kushner suddenly emerges in the Warner brawl between Paramount and Netflix, backed by Saudi billions and fresh off brokering another megadeal

Trump’s son-in-law is emerging as a central conduit for Gulf money moving into American media, and they’re backing the Ellisons and Paramount.

The Independent UK

Trump son-in-law Jared Kushner is investor in Paramount’s hostile takeover bid of Warner Bros

Jared Kushner’s Affinity Capital, along with the sovereign wealth funds from Saudi Arabia, Qatar and Abu Dhabi, have ‘agreed to forgo any governance rights – including board representation – associated with their non-voting equity investments,’ according to Monday’s regulatory filing.

The Mary Sue

Skydance’s hostile bid for Warner Bros. is a Hail Mary

Here we go again.

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PC Gamer

Paramount, backed by Saudi Arabia's Public Investment Fund, launches hostile takeover bid for Warner Bros. Discovery, one day after US president Donald Trump says the Netflix deal 'could be a problem'

The Paramount bid is also supported by Trump's son-in-law Jared Kushner, so that's probably not great for Netflix's ambitions.

The Independent UK

MTG on 60 Minutes sends Trump into tailspin rant against ‘No Better’ CBS-Paramount as he demands apology

The president’s screed against Paramount’s ownership — which he had previously praised incessantly — came at the same time the media giant launched a hostile takeover bid of Warner Bros. Discovery that was joined by Trump’s son-in-law Jared Kushner.

Cinemablend

Connie Chung Gets Real About ‘Greedy’ Changes To CBS News (And Doesn’t Hold Back)

Connie Chung doesn't hold back on her feelings about her former employer.

International Business Times UK

Paramount CEO Claims 'Inherent Bias': £108.4B Bid Challenges Netflix's Warner Bros Deal

Paramount Skydance launches a hostile $108.4bn bid for Warner Bros Discovery, challenging Netflix's $72bn deal amid political scrutiny and antitrust fears.

The Guardian - US

Paramount launches $108.4bn hostile bid for Warner Bros Discovery

Paramount’s bid for the entire company counters $82.7bn Netflix deal for WBD’s studio and streaming operation

The Independent UK

Hostile takeover launched over Netflix-Warner deal with new $108B Paramount bid after Sarandos woos Trump at White House

The Netflix chief’s pilgrimage to DC came as Paramount’s ownership believed it had the inside track to acquire Warner Bros. due to the Ellison family’s close ties to the president.

Benzinga

Paramount Is Not Going Down Without A Fight, Outbids Netflix With $108 Billion Cash Offer For Warner Bros.

Paramount Skydance Corp (NASDAQ:PSKY) on Monday launched an all-cash tender offer to acquire Warner Bros. Discovery, Inc (NASDAQ:WBD) for $30 per share, valuing the company at $108.4 billion and including its Global Networks segment.

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