MEDIA MEGAMERGE: ELLISON’S $111B HOLLYWOOD-AND-NEWS GRAB
Netflix pulled out of its $82.7B bid for Warner Bros. Discovery's studios and streaming after Paramount Skydance—backed by Larry Ellison and son David — upped to $111B for the full company, including HBO Max and CNN, at a "superior" $31/share. Netflix deemed the price unappealing, with Paramount covering the $2.8B termination fee; Sarandos met White […]
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