Media mogul David Ellison is preparing to finally submit an official merger bid for Warner Bros. Discovery, On The Money has learned – but don’t expect wedding bells and rose petals anytime soon.

Ellison – who has stayed eerily silent since reports leaked last month that his media giant Paramount Skydance might bid for WBD – could disclose a takeover bid as soon as this week for the owner of the Warner Bros. studio, HBO and CNN, sources close to the situation said.

The process is fluid, and it’s also possible that a bid will get delayed once again or not submitted at all, the sources added. 4

If an offer does surface, insiders noted that talks could take a decidedly persnickety turn as Ellison begins haggling with David Zaslav, the wily, deal-savvy CEO of WBD.

As I reported this w

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