David and Larry Ellison, who created Paramount Skydance with a media merger over the summer, are now poised to bump their all-cash, $30-a-share offer for the owner of Warner Bros., HBO and CNN to as much as $33 a share, according to sources close to the situation. The Ellisons are also willing to add a “sweetener” of at least two more dollars a share to try to seal the deal with the WBD shareholders they have been courting this week with their now “hostile” overture for the company, people with knowledge of the matter say. Before throwing more money at a deal, they plan to wait until Dec. 22, when the WBD its board is slated to provide a formal answer to Paramount Skydance’s pitch, which argues its $30-a-share, all-cash offer for the entire company was superior to the $30.75 cash-and-stock winning bid made by Netflix for the Warner Bros. studio and HBO Max streaming service.
Author: Charles Gasparino
Published at: 2025-12-11 21:46:10
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