We are offering a limited year-end sale now that offers you savings of 75% at $1 a week. Don't miss out. Sign up now.Greetings!Does Paramount still have a path to buying Warner Bros. Discovery? WBD on Wednesday issued a full-throated rejection of Paramount, which has been furiously trying to win over investors in its hostile bid. The rejection marks the second body blow in as many days, with President Trump landing the first on Tuesday after he blasted David and Larry Ellison on Truth Social. “For those people that think I am close with the new owners of CBS, please understand that 60 Minutes has treated me far worse since the so-called ‘takeover,’ than they have ever treated me before,” he wrote. “If they are my friends, I’d hate to see my enemies.” Barely two hours after Trump posted, Jared Kushner’s Affinity Partners backed out of Paramount’s bid. Not having Trump's backing could prove fatal to Paramount's bid, as Ellison's primary selling point was his ability to get a deal approved in less than a year, an estimate many experts who talked to our Lucas Manfredi said was too optimistic. Netflix's own projection of 12 to 18 months was likely a low-ball figure as well. “This is gonna drag out for quite some time. It’ll probably drag out past the midterms,” former federal prosecutor Naema Rahmani told Manfredi. “I would be shocked if this gets resolved in 2026.” There were a ton of stories today, so no Christmas or Hanukkah shopping for you. Here's what happened:
Roger Cheng 
With Warner Bros. Discovery laying out its case for rejecting Paramount, including casting suspicion on the lack of an Ellison family commitment, only relying on an "unknown and opaque revocable trust" and calling the bid "illusory," the decision falls back to shareholders who are all hopeful for a sweeter bid... 
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