Paramount Skydance's Hostile Bid for WBD
David Ellison launches a $108 billion hostile takeover bid for Warner Bros. Discovery, offering $30 per share to crash Netflix's $82.7 billion acquisition. WBD's board rejected it. Here's what's really happening: this isn't about who loves HBO more. It's about whether one company controls enough content to dictate terms to everyone else in the industry.
The skinny
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