David Ellison finally got what he wanted but his prize didn’t come cheap.
His pursuit of Warner Bros. Discovery Inc. was nearly thwarted by a wealthy rival suitor, Netflix Inc., which ultimately forced Ellison’s Paramount Skydance Corp. to shell out at least $31 billion more than it planned for the legendary Hollywood studio.
The staggering price, representing one of the biggest media deals in the past decade, came to $31-a-share in cash, or $111 billion including debt, and was high enough for Netflix to walk away rather than increase its offer of $27.75.
Ellison had to add in other ...
