After bending the knee to Trump, David Ellison is getting greedy and gunning for the crown jewel of American movie studios.
Last month, Skydance Media, the entertainment giant, completed an $8 billion acquisition of one of Hollywood’s most prestigious studios, Paramount. Skydance, owned by David Ellison, son of Oracle billionaire Larry Ellison, now reportedly has its eyes set on another historic movie studio: Warner Bros.
The Wall Street Journal reports that Paramount Skydance is currently preparing a majority cash bid for Warner Bros. Discovery. If completed, the son of one of Donald Trump’s most powerful supporters (and, as of this week, the tech billionaire to unseat Elon Musk as the world’s richest person) would own a gargantuan portion of America’s entertainment industry.
Not a whole lot of information has been released yet about the reported deal. The Journal notes that the bid would be for “the entire company, including its cable networks and movie studio.
