“There’s a theory that one of the companies is too big and it shouldn’t be allowed to do it, and the other company is saying something else,” he said. Discovery rejected Paramount’s offers in favor of Netflix’s proposal, the Ellison-run company escalated its effort into a hostile takeover attempt, prompting Netflix to amend its bid to an all-cash offer widely seen as a move to fend off rival interest. It also comes against the backdrop of his past public criticism of major media companies, including repeated attacks on Warner-owned CNN and calls for the network to change ownership — even though CNN is not included in Netflix’s proposed acquisition.
Author: Allie Canal
Published at: 2026-02-04 23:30:06
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