David Ellison says he knows why the Warner Bros. Discovery board can't accept his most recent offer

Paramount CEO David Ellison says he knows the Warner Bros. Discovery board can't accept his latest offer of 30pershareforthecompany.Why?"Iftheyaccepttheofferexactlyasitistoday,right,thentheyreadmittingbreachoffiduciaryduty,soIdontthinktheycanjusttakethat,"EllisonwasoverheardsayingattheUBSmediaeventonTuesday,BusinessInsiderhasexclusivelylearned.OnFriday,WBDannouncedithadacceptedNetflixsofferof30 per share for the company. Why?"If they accept the offer exactly as it is today, right, then they're admitting breach of fiduciary duty, so I don't think they can just take that," Ellison was overheard saying at the UBS media event on Tuesday, Business Insider has exclusively learned. On Friday, WBD announced it had accepted Netflix's offer of 27.75 per share for WBD's studio and streaming asse ...