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Warner Bros. Discovery declines new acquisition offer from Paramount Skydance

Warner Bros. Discovery declines new acquisition offer from Paramount Skydance

Warner Bros. Discovery Rejects Paramount Skydance Acquisition Attempt Warner Bros. Discovery (WBD) has turned down an acquisition offer from Paramount Skydance, which marks the seventh proposal from the company led by David Ellison and his father, Larry Ellison. WBD continues to promote its merger with Netflix, describing Paramount’s bid as a venture burdened with excessive […]

Affinity Partners, led by Jared Kushner, withdraws from Paramount’s offer for Warner Bros. Discovery

Affinity Partners, led by Jared Kushner, withdraws from Paramount’s offer for Warner Bros. Discovery

Kushner’s Firm Withdraws from Paramount’s Warner Bros. Bid Jared Kushner’s private equity firm, Affinity Partners, is stepping back from its role in Paramount Skydance’s aggressive move to take over Warner Bros. Discovery. This decision follows Warner Bros. Discovery’s board unanimously advising shareholders to reject Paramount’s $78 billion offer from the Ellison family. Reports suggest that […]

Why Warner Bros. Discovery shareholders shouldn’t expect a holiday bidding competition

Why Warner Bros. Discovery shareholders shouldn’t expect a holiday bidding competition

Paramount Skydance Co. currently has no plans to modify its $30-per-share cash takeover bid for Warner Bros. Discovery. Instead, they’re leaning into the argument that their $78 billion offer is preferable to the one with Netflix, as reported by The Post. David Ellison, Larry Ellison, and their partners at Redbird Capital intend to inform shareholders […]