David Ellison and Warner Bros. Discovery / 2020s
David Ellison's attempt to acquire Warner Bros. Discovery became more than a conventional corporate bidding war after reports emerged that he had assured President Donald Trump he would make sweeping changes at CNN if Paramount succeeded. Trump had repeatedly attacked CNN, turning the network into a political target as well as a valuable media property. Ellison's competing bid was mounted after Warner Bros. Discovery agreed to merge with Netflix in December 2025, and he worked with three Middle Eastern sovereign wealth funds and Jared Kushner to finance the challenge. His father, Larry Ellison, reportedly supplied a personal $40.4 billion equity guarantee, giving the campaign the financial force to obstruct the Netflix agreement and pursue a hostile takeover. The political dimension became even more conspicuous in April 2026, when Ellison hosted an event honoring the Trump White House alongside CBS executives, journalists, and federal regulators involved in the merger review. The proposed $111 billion acquisition later received Justice Department antitrust approval, but state attorneys general mounted their own challenge, delaying the deal and adding substantial costs. The controversy centered on whether a media takeover was being shaped by editorial promises to a sitting president rather than by entertainment strategy alone.
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