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Paramount Skydance launches hostile bid for WBD 'to finish what we started,' CEO Ellison tells CNBC

Paramount Skydance is launching a hostile bid to buy Warner Bros. Discovery after it lost out to Netflix in a months-long bidding war for the legacy assets, the company said Monday. Paramount will go straight to WBD shareholders with an all-cash, $30-per-share offer. That's the same bid WBD rejected last week, which Paramount Skydance CEO David Ellison said Monday never got a response from Warner Bros. Discovery. The offer is backstopped with equity financing from the Ellison family and the priv...

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