economy
Larry Ellison’s big dumb gift to his large adult son
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TL;DR
- Warner Bros. Discovery is up for sale, with multiple bids received.
- Netflix made an $83 billion agreement to acquire the studio business.
- David Ellison (son of Larry Ellison) and Jared Kushner are involved in a separate bid.
- Paramount has launched a hostile bid for Warner Bros. Discovery, valued at $108.4 billion.
- Warner Bros. reportedly favored the Netflix deal for better shareholder value compared to Paramount's offer.