After exuding extreme confidence in recent months that David Ellison’s “Trump card” would clear the runway for Paramount to acquire the Warner Bros. empire, it appears that the Ellison-led media giant is crying foul now that Netflix appears to have jumped into the lead.
Lawyers for Paramount sent a blistering letter to Warner Bros. Discovery CEO David Zaslav this week complaining about the sale process, claiming that it had become “tilted and unfair” after Warner Bros. requested second-round bids from suitors looking to acquire some or all of the company’s assets. Besides Paramount and Netflix, Comcast – the corporation that owns NBCUniversal – has also expressed interest in merging with Warner Bros.
