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flag 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.

flag 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. flag The move follows Warner Bros Discovery’s June announcement to split into two firms amid declining cable viewership and streaming struggles. flag The conflict, involving major media figures and political connections, underscores shifting power in the entertainment industry.

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