Warner Bros Discovery said Tuesday it will give Paramount Skydance a week to sweeten its buyout offer for the storied media giant, as the bidding war with Netflix turned into a bitter battle to win over Warner shareholders. Paramount CEO David Ellison insists that his offer, largely financed by his father, multi-billionaire Larry Ellison, will not face the regulatory scrutiny in the U.S. and Europe that could derail or seriously delay the Netflix deal. David Ellison's recent takeover of CBS, part of the Paramount empire, has brought major editorial changes to its news coverage that are widely seen as more sympathetic to conservative criticisms of mainstream media in the United States.
Published at: 2026-02-17 21:48:16
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