Warner Bros’ lack of response fueled Paramount’s hostile bid, filing says

Paramount Skydance’s 11th-hour, hostile $108.4 billion bid for Warner Bros Discovery was rooted in what it considered a lack of responsiveness from Warner Bros to its ardent overtures late last week, a securities filing on Monday showed.

Paramount offered a blow-by-blow account of Paramount CEO David Ellison’s communication over months with his counterpart David Zaslav at Warner Bros in the lengthy filing, which led to Paramount bidding for Warner Bros in September. That bid was rebuffed, as were the next two that Paramount said offered improved terms.Read more: Jared Kushner’s financing role in bid for Warner Bros raises ethical questions, experts say