The Latest Breaking News from David Zaslav

David Ellison-led Paramount Skydance (NASDAQ:PSKY) launched a hostile bid worth $108.4 billion for Warner Bros Discovery (NASDAQ:WBD) on Monday, in a last-ditch effort to outbid streaming giant Netflix Inc. (NASDAQ:NFLX) and create a content powerhouse. A regulatory filing on Monday revealed that the HBO owner’s lack of response fueled Paramount’s…

Warner “did not provide a single markup of a single transaction document” or engage in any back-and-forth negotiation for months, its jilted suitor said.

After months of bidding drama, Netflix has secured an agreement to acquire Warner Bros, bringing the Harry Potter, DC and Game of Thrones franchises under its roof while Discovery Global spins off CNN and other legacy networks.

While Paramount chief David Ellison thought he had a ‘Trump card’ in his bid to purchase Warner Bros. Discovery, it appears he is growing less confident that he’ll add the studio giant to his growing media empire.

As of now, Paramount is the only company looking to do a full buyout, which it believes gives it an advantage.

Warner Bros. Discovery faces a bidding war with multiple suitors, including the Saudi PIF. The deal could be sealed by Christmas 2025 amid ongoing negotiations.

Catwoman is the one who got robbed here.

Get rid of the bright lights, water, and food after midnight because Gremlins 3 is on the way

Amblin's Gremlins franchise is becoming a very belated trilogy.