Paramount Skydance CEO David Ellison has launched a hostile $30-per-share all-cash tender offer for Warner Bros. Discovery, aiming to outbid Netflix. Ellison communicated his vision for a combined entertainment powerhouse directly to employees, emphasizing industry strengthening, growth investment, and supporting creative talent. He framed the bid patriotically, highlighting American storytelling as a key export.

Source: Media shake-up: Paramount CEO writes to staff; has a message on Warner Bros bid