Warner Bros. reveals why Netflix won acquisition deal
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The Ellisons are now angling for a counterattack, sources say. They also believe they can win this battle by taking their case directly to WBD shareholders.
After Netflix announced a deal to buy Warner Bros. Studios, HBO, and HBO Max, David Ellison’s Paramount went directly to shareholders with a bid to buy the entirety of Warner Bros. Discovery. President Trump has indicated he will be involved in reviewing the offers to see if a deal should be allowed to go through.