David Ellison fought hard to win Warner Bros. Discovery. But despite his strenuous efforts, he lost out to Netflix — and now Ellison is switching from carrots to sticks: Paramount Skydance is taking its case directly to shareholders in a hostile takeover bid for WBD.

There's a good chance that his reign in entertainment is about to come to a close when Warner Bros. Discovery sells. The only question is his legacy.

David Zaslav just pulled off one of the greatest media mergers of the century — but that doesn’t mean he’s done wheeling and dealing.

A major transaction has long felt inevitable. The 2022 merger saddled the company with roughly $50 billion in debt, leaving its leadership little choice but to explore a breakup or sale. If the split proceeds, WBD CEO David Zaslav would continue leading the Warner Bros. side, and Discovery Global would be led by current CFO David Wiedenfels.

Paramount Chairman David Ellison's latest offer to buy Warner Bros. Discovery contained a twist: Should Paramount, backed by tech billionaire Larry Ellison, pull off the purchase, Warner Bros. Discovery Chief Executive David Zaslav could stay on to help ...

Warner Discovery CEO David Zaslav was offered a role at the combined companies as part of the Ellison overture. David Zaslav is in the fight of his professional life to stop Warner Bros. Discovery from being swallowed by Paramount. A hefty option grant depends on plan to separate streaming and studios from cable networks