Paramount gatecrashes Warner Bros-Netflix deal with $108bn hostile bid
Jared Kushner and Middle East funds assist with all-cash offer
Jared Kushner and Middle East funds assist with all-cash offer

Hollywood studio and streaming company open to new bid but there are doubts over Ellison family funding

Streaming company’s decision ends months-long battle to buy parent of CNN, HBO and franchises such as Harry Potter

Big media tie-ups have a poor record at creating value

Paramount chief executive met investors in New York to push his hostile bid for the Hollywood studio group

Ellison father and son viewed deal as a matter of survival to compete with tech giants that now dominate Hollywood

David Ellison is keeping his powder dry since WBD shareholders do not vote on rival Netflix deal until March at earliest