David Ellison fights back as Paramount launches a hostile bid for Warner Bros. Discovery

Paramount Skydance isn't ready to give up the fight for Warner Bros. Discovery. The David Ellison-run company just launched at $30 offer for all of WBD, even though Netflix agreed to buy WBD's streaming and studio assets last week."Paramount's strategically and financially compelling offer to WBD shareholders provides a superior alternative to the Netflix transaction," Paramount said in a statement on Monday morning. Netflix's offer to buy Warner Bros. and HBO "offers inferior and uncertain value and expo ...