When CEO David Zaslav decided to split the recently merged Warner Bros. Discovery into two separate companies and sell them, it seemed like every other entertainment conglomerate wanted to purchase the Warner Bros. half, which covers the company’s movie and TV studios. In the end, Netflix appeared to prevail. However, a new contender has entered the arena, and it’s interrupted the deal’s final talks by not just targeting the Warner Bros. half of the company, but the whole package.
According to The Hollywood Reporter, Paramount CEO David Ellison has made a hostile takeover offer for both parts of Warner Bros. Discovery. Warner Bros. includes HBO and HBO Max, while the Discovery section covers more broadcast-centric channels, like the Food Network.
