Sale of Warner Bros. Discovery heats up as Ellisons weigh ‘DefCon 1’ litigation over selection of Netflix bid
Sale of Warner Bros. Discovery heats up as Ellisons weigh ‘DefCon 1’ litigation over selection of Netflix bid
admin 2025/12/27 01:36The Ellisons and RedBird, run by savvy media dealmaker Gerry Cardinale, are mulling something known internally as "DefCon 1".
Warner Bros. Discovery is signaling that it wants Paramount Skydance chief David Ellison and his multibillionaire father Larry Ellison to increase their $30-per-share, all-cash “hostile” offer for the media conglomerate – and if they’re willing to do so, WBD is ready to negotiate a possible sale to the duo, The Post has learned.
➤➤➤ AND THE PLOT THICKENS - SEE MORE
Warner Bros. Discovery is signaling that it wants Paramount Skydance chief David Ellison and his multibillionaire father Larry Ellison to increase their $30-per-share, all-cash “hostile” offer for the media conglomerate – and if they’re willing to do so, WBD is ready to negotiate a possible sale to the duo, The Post has learned.
➤➤➤ AND THE PLOT THICKENS - SEE MORE
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