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If Warner Bros. Discovery rejects Paramount’s latest (and very hostile) bid, I’m told that David Ellison will almost certainly offer more. Will Netflix go even higher? Where does it end? Will Trump choose a favorite? The streaming giant has restless shareholders, and Ellison does not.
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So, who’s gonna get Warner Bros.? Hard to go anywhere in town right now without getting asked, right? But beyond the egos and the all-cash offers and the ridiculous Trump tantrums dominating the hard-to-believe headlines, the fact remains that even after the Warner Discovery board approved a landmark $72 billion sale to Netflix, nobody knows what’s gonna happen.
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