Ellisons Smell Blood In The Water!

They smell the blood. The Ellisons are looking to own Warner Bros. Discovery.

Larry Ellison and his son David Ellison will now get an opportunity to not only own Paramount Skydance but Warner Bros. Discovery. 

Netflix officially pulled out of the purchase after the feds threatened a block.

President Donald J. Trump was instrumental in getting WBD back on the table.

These assholes are going to corrupt the junk food media to promote MAGA, Israel and censorship. They will seize every opportunity for open dialog.

They will punish those who go against the status quo. 

Everything is now antisemitism.

Two powerful Jewish billionaires who own Oracle, TikTok U.S., Paramount Skydance, NetSuite and Salesforce. Soon if the feds approve it, Warner Bros. Discovery.

And who says the Jews don't control the media?

Warner Bros. Discovery’s board of directors is ushering in a bidding war between Paramount and Netflix.

The board announced Thursday that it has officially labeled Paramount’s latest $31-per-share offer a “company superior proposal,” a term with specific procedural meaning in the context of corporate mergers. Importantly, the description does not mean that the board has withdrawn its recommendation of Netflix’s pending offer to shareholders. However, the move does trigger a period of four business days during which Netflix can respond.

“We are pleased WBD’s board has unanimously affirmed the superior value of our offer, which delivers to WBD shareholders superior value, certainty and speed to closing,” Paramount CEO David Ellison said in a statement.

A Netflix rep did not immediately respond to Deadline’s request for comment on the board decision.

It is now going to be the streaming giant’s turn to decide whether to raise its offer or bail out of the battle. Its stock has already dropped almost 30% since deal chatter began last fall, with many investors and analysts saying the bid is at best a distraction and at worst an effort to paper over slowing growth in the company’s core business. The scale of the Warner deal is nearly 100 times greater than any of the dozen or so M&A deals Netflix has done in its nearly 30-year history as a company.

Netflix’s $82.7 offer is for the studios-and-streaming division of WBD, while Paramount’s bid is for the entire company, making them difficult to compare in apples-to-apples fashion. The Netflix proposal would entail WBD proceeding with the spin-off of its Discovery Global division, which is primarily the home of declining cable TV networks.

The WBD board news is the latest in a tumultuous M&A process involving stories assets like the century old Warner Bros. and prestige TV mainstay HBO. Whichever way it turns out, the deal promises to fundamentally reshape Hollywood.

WBD is going to be up for grabs.

Netflix’s offer was accepted by WBD last December. Since then, Paramount has revised and sweetened its bid multiple times.

Finally, on Tuesday, WBD confirmed that Paramount’s bid had moved up to $31 per share from $30. It also added new elements like a “ticking fee” of 25 cents a share starting after September 30, a sign of confidence in a favorable regulatory outcome.

The latest Paramount bid also stipulates a $7 billion termination fee payable by Paramount if the deal were to get derailed by regulators before closing. The company would also pay the $2.8 billion breakup fee promised by Netflix.

After the four-day period when Netflix can revise its bid, if the WBD board determines that Paramount’s bid remains superior, it would be entitled to terminate the pending Netflix agreement.

WBD has scheduled a March 20 special shareholder vote on the Netflix deal.

Given the current political climate, in which Trump has positioned himself as central to the regulatory process and bucked the arm’s-length stance of past presidents, it is not surprising that both Netflix and Paramount have been spending time in Trump’s orbit. Paramount CEO David Ellison attended the State of the Union address Tuesday night. Netflix Co-CEO Ted Sarandos was in Washington, D.C. on Thursday for meetings with White House officials, though not with Trump himself, sources tell Deadline.