Warner Bros Discovery, the entertainment giant behind the storied Hollywood movie studios, HBO, CNN and an array of other media businesses, is at the center of one of the most of extraordinary corporate takeover fights in recent memory.
After Netflix unveiled a $82.7bn deal on Friday to acquire WBD’s studio and HBO, David Ellison, CEO of Paramount Skydance and son of the tech billionaire Larry, announced a rival $108.4bn hostile bid to take over the entire company.
