Paramount vs Netflix for Warner Bros.
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As Netflix and Paramount fight for Warner Bros. Discovery, the fate of the giant media company could rest on the value of its cable networks.
CNN staffers tell Fox News Digital the mood in the newsroom is "grim" over the prospects of Paramount owner David Ellison buying its parent company Warner Bros. Discovery.
Paramount Skydance's David Ellison went to great lenghts try to clinch a pact for Warner Bros. Discovery with CEO David Zaslav. His six offers were rebuffed.
Paramount's David Ellison said that if Warner Bros. Discovery's board took his current offer, it would be "admitting breach of fiduciary duty."
The offer to shareholders comes days after Warner Bros. agreed to sell its streaming and studio business to Netflix.
Paramount Skydance has launched a hostile bid to buy Warner Bros. Discovery. It comes after Netflix announced a merger with Warner Bros. Dec. 5.
Disney CEO Bob Iger declined to take a formal position on whether he is team Netflix or Paramount in the battle for control of Warner Bros. Discovery. But he had a lot to say about what regulators should be looking at,
President Trump’s unusual decision to involve himself in the government’s review of the deal puts his antitrust chief in an awkward position.