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Paramount CEO Pledges Internal Growth, Rejects Major Acquisitions

11/11/2025

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Summary

Story summary

Paramount Global CEO David Ellison says Paramount will build internally, not pursue must-have acquisitions.
He notes bids for Warner Bros. Discovery but emphasizes a disciplined mergers and acquisitions approach.
Paramount has made bids for Warner Bros. Discovery, but they were rejected as too low.
Paramount aims to restructure and cut costs to reach $30 billion in revenue by 2026.
Acquiring Ultimate Fighting Championship (UFC) rights boosts Paramount's sports portfolio.

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Story summary

Paramount Global CEO David Ellison says Paramount will build internally, not pursue must-have acquisitions.
He notes bids for Warner Bros. Discovery but emphasizes a disciplined mergers and acquisitions approach.
Paramount has made bids for Warner Bros. Discovery, but they were rejected as too low.
Paramount aims to restructure and cut costs to reach $30 billion in revenue by 2026.
Acquiring Ultimate Fighting Championship (UFC) rights boosts Paramount's sports portfolio.