News Summary

• Paramount Skydance CEO David Ellison intended to make an all-cash offer for Warner Bros.
• Discovery.
• The buyout bid – which would kick off talks for a merger that insiders say could be worth more than $50 billion – was seen as imminent.
• Since that flurry of reports, it’s been mostly radio silence.
• The Ellisons and their partners at Redbird Capital are worried about how best to approach Zaslav; they don’t want to do a hostile bid.