{"id":338241,"date":"2025-12-11T04:13:07","date_gmt":"2025-12-11T04:13:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/338241\/"},"modified":"2025-12-11T04:13:07","modified_gmt":"2025-12-11T04:13:07","slug":"david-ellison-takes-his-case-directly-to-wbd-shareholders-in-letter","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/338241\/","title":{"rendered":"David Ellison Takes His Case Directly to WBD Shareholders in Letter"},"content":{"rendered":"

\n\tDavid Ellison<\/a> is taking his case directly to the WBD shareholders \u2014 David Zaslav doesn\u2019t seem to be listening any longer.<\/p>\n

\n\tOn Wednesday, Ellison sent a lengthy letter to Warner Bros.<\/a> Discovery stockholders stating the case for why his Paramount<\/a> Skydance would be the best buyer, not Netflix<\/a>. His call to action was for WBD investors to \u201ctender their shares today\u201d \u2014 basically, Ellison wants them to write a letter of transmittal stating their shares are up for sale to Paramount.<\/p>\n

\n\tEllison\u2019s current offer for Warner Bros. Discovery<\/a> \u2014 his seventh \u2014 is $30 per share, straight cash. He believes that to be a \u201csuperior value\u201d to Netflix\u2019s accepted offer of $23.25 per share in cash, $4.50 in stock and one share in WBD\u2019s Global Networks spinoff company \u2014 the Discovery parts, basically.<\/p>\n

\n\t\u201cIn reality, however, the total value is materially lower than advertised,\u201d he said of the Netflix deal, which values the agreed-upon assets at $82.7 billion. Ellison also believes a Paramount acquisition has fewer government hurdles to clear than the Netflix one \u2014 especially in Europe, where the new DigitalServices Act and Digital Markets Act targets big tech when regulators see a potential monopoly on the rise.<\/p>\n

\n\t\u201cOur public offer \u2014 identical to the terms we presented to WBD privately \u2014 delivers superior value and a faster, more certain path to completion than the transaction announced with Netflix,\u201d Ellison\u2019s letter reads. \u201cIT IS NOT TOO LATE TO REALIZE THE BENEFITS OF PARAMOUNT\u2019S PROPOSAL IF YOU CHOOSE TO ACT NOW AND TENDER YOUR SHARES.\u201d<\/p>\n

\n\tThe caps and bolding is all Ellison\u2019s.<\/p>\n

\n\tA little later, the letter arguably got personal.<\/p>\n

\n\t\u201cTo suggest that we are not \u2018good for the money\u2019 (or might commit fraud to try to escape our obligations), as certain reports have speculated, is absurd,\u201d it reads. \u201cThat absurdity is underscored by the fact that WBD and its advisors never picked up the phone or typed out a responsive text or email to raise any question or concern or to seek any clarification about either the trust or our equity commitment papers.\u201d<\/p>\n

\n\tOh yes, the text messages<\/a> in which Zaslav left Ellison on \u201cRead.\u201d It\u2019s a whole thing with those two.<\/p>\n","protected":false},"excerpt":{"rendered":"David Ellison is taking his case directly to the WBD shareholders \u2014 David Zaslav doesn\u2019t seem to be…\n","protected":false},"author":2,"featured_media":338242,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[49,48,18027,75,1316,9489,348,4432,8093],"class_list":{"0":"post-338241","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tv","8":"tag-ca","9":"tag-canada","10":"tag-david-ellison","11":"tag-entertainment","12":"tag-netflix","13":"tag-paramount","14":"tag-tv","15":"tag-warner-bros","16":"tag-warner-bros-discovery"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/338241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=338241"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/338241\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/338242"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=338241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=338241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=338241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}