Warner Bros. Discovery Backs David Ellison's Bid Over Netflix Bid

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Warner Bros. Discovery declared David Ellison and Paramount Global's $31 per share bid a superior proposal over the existing Netflix offer.Netflix CEO Ted Sarandos visited the White House as the company faces a four-day deadline to respond to the improved Paramount offer.Donald Trump is pressuring the firm to remove board member Susan Rice, an advisor to Barack Obama, from the Netflix leadership team.The Paramount bid includes a $7 billion regulatory termination fee and covers the entire company, including the CNN news network.
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#DavidEllison#ParamountGlobal#TedSarandos#WarnerBrosDiscovery#DonaldTrump#Netflix#SusanRice#CNN#BarackObama
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