David Ellison

David Ellison is the owner of Paramount Skydance, a media company currently engaged in a hostile takeover bid for Warner Bros Discovery (WBD). This makes him newsworthy as he's at the center of a major media consolidation battle. Paramount Skydance has been vying with Netflix to acquire WBD, with both companies making offers. Ellison's company has extended its bid deadline to persuade investors its offer is superior. However, WBD has repeatedly rejected Paramount's bids, deeming them inadequate, even as Netflix switched to an all-cash offer. This ongoing struggle highlights the intense competition in the media landscape and the potential reshaping of the industry through mergers and acquisitions.