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Dec 10, 2025 4:00 AM

Paramount CEO David Ellison Quietly Urges Warner Bros To Ditch Netflix As Bidding War Heats Up: Report

Paramount Skydance (NASDAQ:PSKY) CEO David Ellison reportedly met with major Warner Bros. Discovery (NASDAQ:WBD) shareholders in New York on Tuesday, pitching the studio’s $108 billion all-cash hostile bid as a superior option to rival Netflix’s (NASDAQ:NFLX) $82.7 billion cash-and-stock offer.

Investors who attended the meetings said Ellison, joined by senior legal and strategy executives, attempted to ease concerns about Paramount's financing structure, particularly its reliance on Middle Eastern investors, according to a Financial Times report published late Tuesday.

See also: Behind Paramount’s Hostile $108 Billion Bid For Warner Bros Discovery Was— Unanswered Texts?

Shareholders Warm To Paramount's Structure

Several WBD shareholders left the discussions with a favorable impression of Paramount's proposal, viewing it as potentially simpler and ...