Media mogul David Ellison may submit an official merger bid for Warner Bros. Discovery as early as this week, according to sources close to the situation. However, it’s unlikely that his offer will meet CEO David Zaslav’s proposed price of $30 a share.
Ellison has been in talks with buyout giant Apollo Global Management to finance any bid, and his father Larry Ellison’s limited appetite for media deals may also play a role. Sources say that the Ellisons aren’t planning to overpay for Warner Bros. Discovery, calling it a “dumpster fire.”
In preparation for potential negotiations, the Ellisons are mounting a PR campaign against Zaslav’s two-year record as head of WBD, highlighting his missed earnings projections and stock losses. On the other hand, Zaslav’s team is countering that Ellison overpaid for Paramount and may not be willing to meet their proposed price.
The situation remains fluid, with talks potentially getting delayed or even falling through altogether. If an offer does surface, it could lead to a high-stakes game of haggling between the two parties.
Source: https://nypost.com/2025/10/15/media/david-ellison-may-disclose-bid-for-warner-bros-discovery-in-coming-days-sources