David Ellison: There was 'inherent bias' against Paramount in WBD negotiations

Paramout Skydance CEO David Ellison told CNBC on Monday that there was "inherent bias" against Paramount in negotiations for Warner Bros. Discovery. Paramount is now launching a hostile bid to buy Warner Bros. after it lost out to Netflix in a months-long bidding war. It will go straight to WBD shareholders with an all-cash, $30-per-share offer. That’s the same bid WBD rejected last week, which Ellison said Monday never got a response from Warner Bros. Discovery.