Media mogul David Ellison is preparing to finally submit an official merger bid for Warner Bros. Discovery (WBD), On The Money has learned, New York Post’s Charles Gasparino reports. Ellison – who has stayed eerily silent since reports leaked last month that his media giant Paramount Skydance (PSKY) might bid for WBD – could disclose a takeover bid as soon as this week for the owner of the Warner Bros. studio, HBO and CNN, sources close to the situation said.
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