Paramount Skydance (NASDAQ:PSKY) CEO David Ellison is reluctant to pay more than $25 a share for Warner Bros. Discovery (NASDAQ:WBD), according to a posting on X from a New York Post reporter.
Ellison, advised by his billionaire father, Oracle co-founder Larry Ellison, last bid for Warner Bros. (NASDAQ:WBD) was just under $24 a share, consisting of 80% cash, CNBC’s David Faber reported on Wednesday. It was Paramount Skydance’s third bid for WBD.
The report comes after Warner Bros. Discovery (NASDAQ:WBD) on Tuesday said it would explore strategic alternatives after receiving multiple unsolicited interests for both the entire company and just its studio and streaming operations.
Several media reports indicated on Tuesday that Netflix (NFLX) and Comcast (CMCSA) are interested in the studio and streaming operations of Warner Bros. Discovery (NASDAQ:WBD).