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Paramount Skydance CEO David Ellison is “undeterred” after Warner Bros. Discovery rebuffed his first three offers to buy the media giant, according to a person who has been advising Ellison.
The next move is unknown. But both Ellison and Warner Bros. Discovery CEO David Zaslav are playing their parts perfectly in this M&A struggle over one of the biggest media companies in the world.
Warner Bros. Discovery, the parent of CNN, HBO Max, DC Comics, Cartoon Network, and a storied list of other brands, said earlier this week that it had started a deal review process “after receiving interest from multiple parties.”
The newly formed Paramount Skydance is at the top of the list, as Ellison tries to rapidly grow his media empire.
Ellison’s allies are privately arguing that he is the only buye
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