Bids for the rights to own all or some of Warner Bros. Discovery were delivered at noon Thursday – with deal insiders predicting a winning offer that will fall far short of the $30 a share that CEO David Zaslav said he wanted for the media conglomerate, On The Money has learned.
As of Thursday, the bidding war for WBD, which contains some of the news and entertainment industry’s biggest properties, pits Paramount Skydance – the burgeoning media company run by independent movie producer David Ellison and backed by his father, billionaire Trump donor and Oracle founder Larry Ellison – against Brian Roberts’ media behemoth Comcast and streaming giant Netflix, which is run by Ted Sarandos, Greg Peters and founder Reed Hastings.
Other media and tech companies like Amazon have expressed inte

New York Post Business

Associated Press US News
Detroit News
Fashion Network business
Benzinga
Reuters US Business
CBS News
NBC News
AlterNet