Paramount CEO David Ellison is no stranger to big mergers. Now he’s going for something far greater, and he won’t back down. Sources suggest that Ellison is considering making another overture after Warner Bros. Discovery turned down his $23.50-per-share offer, Variety reported.

Layoffs are coming down at Paramount Skydance this week, with the freshly merged company looking to slash 1,000 jobs in the U.S. on Wednesday, Oct. 29

Following the merger’s approval in August, Ellison had pledged to deliver $2 billion in cost savings to investors. At the time, Paramount executive Jeff Shell said the layoffs would be “swift” and “painful”,

Paramount Skydance doesn't intend to pick apart Warner Bros. Discovery if they're able to acquire their competitor. According to a new report from Bloomberg, the entertainment company plans to keep much of WBD together if merged,

Paramount Skydance will cut 1,000 jobs this week in its first major restructuring since the merger. CEO David Ellison plans to slash costs and reshape the new Hollywood giant amid industry slowdown.

With the president’s blessing, the Ellisons’ Skydance merged with Paramount, gaining control of CBS News. Now the new giant might gobble up Warner Bros. Discovery, which includes CNN.

Warner Bros. Discovery is smack in the eye of the latest media M&A maelstrom - and staffers are bracing for the possibility that they'll get a new corporate overlord in the near future. The leading takeover candidate is aspiring Hollywood empire-builder David Ellison,

Paramount Skydance, led by CEO David Ellison, plans to retain much of Warner Bros Discoverys core operations if the two media giants merge, Bloomberg News reported on Monday. According to the report,

The industry is rooting for him to revive Paramount. His pursuit of Warner Bros. Discovery has some worried.