Reasons Warner Bros. Discovery listed for rebuffing David Ellison include an incendiary and unfortunately timed letter from Paramount's lawyers.

The visit came on the same day that WBD's board officially rejected Paramount Skydance's hostile bid for the company.

WBD presented a chronology of events and meetings that occurred, leading to its deal to sell Warner Bros. studios and HBO Max to Netflix, following by David Ellison’s hostile takeover bid and the WBD board’s official rejection of the $30/share bid on Dec.

Wasting no time checking out their potential new home away from home, Netflix’s bosses Greg Peters and Ted Sarandos made a most awesome visit to the Warner Bros Discovery studio lot today with David Zaslav as tour guide.

Last week, Paramount launched a hostile bid for WBD, taking a $30-per-share, all-cash offer directly to shareholders. Paramount Skydance CEO David Ellison has argued the deal, which equates to an equity value of $108.4 billion, is better than Netflix's and that a Paramount-WBD combination would have better chances of winning regulatory approval.

Industry concerns over Netflix acquiring Warner Bros. has led executives to address fears regarding jobs and theatrical releases.

The hostile offer may outmuscle Netflix on price, but WBD’s decision hinges on competing futures: a clean reset under Paramount or a deeper strategic alignment with the world’s dominant streamer.

Photos of Netflix's Ted Sarandos & Greg Peters on the Warner Bros lot sure look like guys about to handed the keys to a iconic kingdom

Democratic Senators Elizabeth Warren and Richard Blumenthal called on Pam Bondi to recuse herself from the review of the Warner Bros. Discovery deal. The senators are asking for the attorney general to step aside from the review of Netflix and Paramount's attempts to purchase WBD because both companies had been clients of Ballard Partners,