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Billionaire David Ellison, with help from his father and Jared Kushner, launches a hostile bid to block Netflix’s $72B takeover of Warner Bros Discovery’s entertainment assets.
A high-stakes corporate battle for Warner Bros Discovery has intensified, with billionaire David Ellison, backed by his father and Jared Kushner, launching a hostile bid to block Netflix’s $72 billion acquisition of the company’s entertainment and streaming assets.
The move follows Warner Bros Discovery’s June announcement to split into two firms amid declining cable viewership and streaming struggles.
The conflict, involving major media figures and political connections, underscores shifting power in the entertainment industry.
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El multimillonario David Ellison, con la ayuda de su padre y Jared Kushner, lanza una oferta hostil para bloquear la adquisición de 72 mil millones de dólares por Netflix de los activos de entretenimiento de Warner Bros. Discovery.