Warner Bros. has rejected Paramount's most recent acquisition bid but has given David Ellison's firm one week to submit a 'best and final' offer, causing WBD and PSKY stock to rise.

Netflix co-CEO Ted Sarandos said his conversations with President Donald Trump have been about jobs. Monica Schipper/WireImage; Brendan Smialowski/AFP via Getty Images Netflix's co-CEO said his talks

Paramount's latest strategy regarding Warner Bros. Discovery is being likened to an 'old Vegas trick,' with Paul Anka cited for his adaptability in showbiz.

Paramount's strategic legal move regarding its potential acquisition of Warner Bros. has raised concerns among Democratic Senators, as David Ellison's team aims to expedite the process if Paramount wins the bidding war against Netflix.

Netflix Co-CEO Ted Sarandos took aim Tuesday at Paramount’s rival bid for Warner Bros. Discovery, accusing the David Ellison-led company of “flooding the zone with confusion for shareholders.” The exe

Warner Bros has given Paramount a week to submit its 'best and final' offer, as Netflix grants a waiver to a rival bidder in a high-stakes battle for control.

A group of Democratic senators is threatening an investigation into Paramount and has requested CEO David Ellison to preserve records regarding the company's contacts with Donald Trump over a Warner Bros. bid.

Paramount Skydance is reportedly prepared to engage in takeover talks with Warner Bros. Discovery, but has not yet indicated whether it will increase its current $30-per-share hostile bid.