Ellison's Hostile Bid for Warner Bros. Discovery

David Ellison, CEO of Paramount Skydance, is making waves in the entertainment industry with a hostile takeover bid for Warner Bros. Discovery, aiming to outmaneuver Netflix. Ellison, a passionate aviator, founded Skydance with his fathers support and has since seen significant success, including the blockbuster Top Gun: Maverick. After merging Skydance and Paramount, Ellison named himself chairman and CEO, making strategic moves like hiring Netflix veteran Cindy Holland and securing UFC rights. His latest move challenges Netflix directly, offering shareholders thirty dollars per share for Warner Bros. Discovery.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.