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David Ellison's Paramount seen as front-runner for Warner Bros Discovery deal
The Trump administration supports Paramount Skydance's bid amid competition from Apple, Amazon, Comcast, and Netflix as Warner Bros. Discovery seeks to sell assets.
- On Wednesday, David Ellison, CEO of Paramount Skydance, was described by an unnamed official as in an advantageous position to buy Warner Bros. Discovery, highlighting the administration's interest.
- Earlier this month, David Ellison, CEO of Paramount Skydance, said any dealmaking would be `through the lens of wanting to make more, not less` and wrote Wednesday that Paramount is WBD's `best partner`.
- Paramount's offer included a nearly $24 per share bid that was 80% cash and 20% stock, while Ellison offered Warner Bros. Discovery CEO/President David Zaslav a co-CEO and co-chairman title to sweeten the approach.
- On Tuesday, Netflix co-CEO Ted Sarandos said the streamer would be `choosy` about M&A and a senior government official called Brian Roberts' chance to expand and buy CNN `low`.
- Advisers told the Warner Bros. Discovery board to weigh deal-closing success beyond price, while White House representatives did not immediately respond and Comcast and Amazon declined requests for comment.
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David Ellison's Paramount seen as front-runner for Warner Bros Discovery deal
David Ellison's Paramount Skydance is seen as the top contender to buy Warner Bros Discovery, with analysts and experts saying the tech scion's access to deep pockets and Washington ties give him an edge in what could be the media industry's biggest merger in years.
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Here's Why The Trump Administration Reportedly Favors Paramount Skydance To Buy Warner Bros. Discovery
Paramount Skydance appears determined to purchase Warner Bros. Discovery, and a new report reveals that the Trump administration is backing billionaire, and Donald Trump ally, Larry Ellison's acquisition.
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Total News Sources12
Leaning Left3Leaning Right0Center3Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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