Paramount Skydance launches hostile bid for WBD
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Paramount questions ‘fairness and adequacy’ of WBD auction process after reports Netflix may win
Netflix has made a mostly cash offer to purchase the Warner Bros. studio and HBO Max, while Paramount has submitted an all-cash bid for the entire company, The Post previously reported.
Netflix has agreed to acquire WBD assets for a whopping $83 billion. Rich Greefield says Paramount Skydance can succeed without WBD.
Chicago media executive Louis Carr has been promoted to president of BET, taking over from Scott Mills as Paramount reorganizes the network serving Black audiences.
Skydance owner David Ellison is trying to buy Warner Bros. with the help of Middle Eastern cash. Ellison, whose company Skydance took over Paramount in a highly publicized eight billion dollar merger in August,