What Paramount CEO David Ellison told employees about its hostile bid for Warner Bros. Discovery in country-wide letter
Paramount Skydance CEO David Ellison has launched a hostile $30-per-share all-cash tender offer to Warner Bros. Discovery shareholders, aiming to outbid Netflix. Ellison described the acquisition as a chance to strengthen both companies and the entertainment industry, creating a scaled entity capable of competing globally and supporting creative talent.
Paramount Skydance CEO David Ellison has launched a hostile $30-per-share all-cash tender offer to Warner Bros. Discovery shareholders, aiming to outbid Netflix. Ellison described the acquisition as a chance to strengthen both companies and the entertainment industry, creating a scaled entity capable of competing globally and supporting creative talent.
