Paramount has submitted its latest offer in its quest to own Warner Bros. Discovery, but one of WBD’s major investors isn’t having it. A representative for Harris Associates, Warner Bros.’ fifth-largest shareholder, warned against the latest bid from David Ellison’s Paramount, saying that it still did not represent the best possible deal on the pending…
Paramount is saying all the right things as it addresses the concerns over its offer to buy Warner Bros. Discovery. But it’s still not budging on the one thing shareholders are now really looking for: a higher offer. Undeterred by Warner Bros.’ sound rejection of Paramount’s hostile bid, CEO David Ellison on Monday came back…
Some new updates have emerged regarding what the future of the DCU may look like if Paramount winds up merging with Warner Bros. Discovery. Paramount Skydance is one of several companies who is interested in acquiring Warner Bros. Discovery. Any potential deal is far from being made official at this point in time; however, Paramount’s…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. On Tuesday, Sen. Elizabeth Warren (D-Mass.) raised concerns about media consolidation, pointing to David Ellison’s ties to President Donald Trump as he seeks control of Warner Bros. Discovery, Inc. (NASDAQ:WBD). In a post on X, formerly Twitter, Warren…
News that Paramount is exploring a bid for all of Warner Bros. Discovery, just weeks after closing its acquisition of Skydance, has bent a few brains from Wall Street to Hollywood despite recent speculation that something was in motion. As the industry and investors take stock of the entertainment colossus that could be created, however,…
Oracle chairman and co-founder Larry Ellison, the father of Paramount Global’s new owner David Ellison and a major investor in the media company after its merger with Skydance, just saw his wealth soar by over $100 billion. The company reported stellar earnings late Tuesday with a massive backlog of contracts for its Cloud business that…
In a near-midnight announcement on July 1, Paramount Global said it would pay $16 million “in total” to settle a lawsuit from President Trump, who sued over an interview that 60 Minutes conducted with Kamala Harris. Then, 16 hours later, the story took another turn when the New York Post‘s Charles Gasparino reported that there…
In a nod and head butt to Donald Trump and masked ICE abductions of undocumented immigrants and U.S. citizens, South Park was very relevant tonight. Just ask Vice President JD Vance and Homeland Security Secretary Kristi Noem “A few years ago I had to put my puppy down by shooting it in the face, because…
Upon closing of Paramount Global and Skydance Media’s $8 billion merger, Oracle co-founder and chairman Larry Ellison will hold a minority voting interest of approximately 35.5% in the combined company. When Skydance first submitted its broadcast license transfer application to the FCC in September, the initial filing stated that the Skydance investor consortium would hold…