David Ellison's Skydance Secures Deal to Buy Warner Bros Discovery
David Ellison and Skydance Media secured a deal to acquire Warner Bros. Discovery for $31 per share after Netflix withdrew its bid and took a $2.8B breakup fee.California Attorney General Rob Bonta launched an investigation into the merger following warnings from Elizabeth Warren that the deal is an antitrust disaster.The agreement, which involved
Donald Trump, faces regulatory reviews and concerns over the future of
CNN and potential job cuts.