Paramout Skydance CEO David Ellison told CNBC on Monday that there was "inherent bias" against Paramount in negotiations for Warner Bros. Discovery. Paramount is now launching a hostile bid to buy Warner Bros. after it lost out to Netflix in a months-long bidding war. It will go straight to WBD shareholders with an all-cash, $30-per-share offer. That’s the same bid WBD rejected last week, which Ellison said Monday never got a response from Warner Bros. Discovery. Read more: cnb.cx/3XCLLod | CNBC
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Paramount Global's parent company National Amusements and Skydance Media have agreed to merge less than a month after the sides abruptly ended deal talks. Paramount, owner of Paramount Pictures movie and television studios, the CBS television network and CBS News, announced that it is combining with Skydance, an entertainment business founded by David Ellison. Paramount also owns the Paramount streaming service, Nickelodeon, BET, MTV, Comedy Central and other media brands. #news
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