David Ellison got some good news this week, despite Warner Bros. Discovery rejecting his latest bid

Paramount Skydance CEO David Ellison hasn't given up in his pursuit of Warner Bros. Discovery.

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• Warner Bros. Discovery turned down another offer from Paramount Skydance to buy all of its assets.
• Paramount's argument that its offer is superior to Netflix's rests partly on the value of WBD's cable networks.
• That argument looks a bit stronger this week after cable company Versant's rocky debut in public markets.

David Ellison's latest attempt to acquire Warner Bros.