Paramount vs Netflix for Warner Bros.
Digest more
The fight over the future of Warner Bros. Discovery is really a battle to decide who will control much of the news and entertainment Americans consume. So perhaps it is no surprise that President Donald Trump is wading straight into the middle of the fray between Netflix and Paramount Skydance.
CNN staffers tell Fox News Digital the mood in the newsroom is "grim" over the prospects of Paramount owner David Ellison buying its parent company Warner Bros. Discovery.
The offer to shareholders comes days after Warner Bros. agreed to sell its streaming and studio business to Netflix.
23hon MSN
Paramount says China’s Tencent withdrew from its Warner Bros bid to avert national security issues
BANGKOK (AP) — Paramount Skydance says the Chinese gaming and social media giant Tencent Holdings withdrew from its bid to buy Warner Bros Discovery to avert a possible national security review.
David Ellison fought hard to win Warner Bros. Discovery. But despite his strenuous efforts, he lost out to Netflix — and now Ellison is switching from carrots to sticks: Paramount Skydance is taking its case directly to shareholders in a hostile takeover bid for WBD.