MAGA Billionaires Win Battle to Buy CNN and Turn It Trumpy - Yahoo News UK
MAGA-aligned billionaires Larry Ellison and his son David have acquired CNN's parent company after winning a bidding war against Netflix, with their company Paramount Skydance increasing its bid to $31 per share. The Ellisons' company aims to influence the media landscape, with David Ellison attending Donald Trump's State of the Union address. The move follows a revised bid from Paramount Skydance for Warner Bros. Discovery, which owns HBO and is a major Hollywood studio.
MAGA Billionaires Win Battle to Buy CNN and Turn It Trumpy
MAGA-aligned billionaires Larry Ellison and his son David have dramatically won a bidding war for CNN’s parent company—and are now on track to turn it Trumpy. Their Paramount Skydance company has suddenly won its bidding war against Netflix to acquire Warner Bros. Discovery after upping its bid and the younger Ellison attending Donald Trump’s State of the Union address. The move comes two days after Paramount Skydance revised its offer for the media conglomerate, which also owns HBO, and is Hollywood’s biggest movie maker, from $30 per share to $31 per share.
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