Even a Hollywood blockbuster rarely involves such a varied cast. Soon after Netflix said in early December that it would acquire most of Warner Bros Discovery, Paramount swooped in with a hostile bid. Its offer of $108bn for the whole of its rival film studio is backed not just by David Ellison, Paramount’s chief executive, and his father Larry, a tech tycoon and one of the richest men in the world. Also on board are Apollo, a private-equity shop; several Gulf sovereign-wealth funds—and RedBird, an investment firm with a mere $12bn in assets under management.
Source:
www.economist.com