ELLISON'S HARDBALL WARNER BROS. TACTICS GAVE NETFLIX AN OPENING

Summary from the TLDR newsletter

Lawyers for David Ellison sent a letter to Warner Bros. Discovery on the night of December 3 expressing serious concerns about the fairness and adequacy of the company's sale process. This surprised Warner Bros., as the company believed it had run a fair process. Ellison's inner circle tried to retract the statement, claiming some partners didn't even know the letter was going out, but it was too late. In response, Warner Bros. decided to sell to Netflix.