David Ellison , the CEO of Paramount Skydance who has launched a hostile takeover bid for Warner Bros. Discovery , is urging WBD shareholders to tender their shares and “register their view with the WBD board of directors that they prefer the superior Paramount transaction,” the company said.

Paramount sent a letter from Ellison Wednesday addressed to WBD shareholders ( read the full text below ). According to Paramount, the letter “clearly sets out why Paramount’s $30.00 per share all-cash offer to acquire all of WBD is superior to WBD’s transaction with Netflix.”

“We funded, founded and then merged Skydance with Paramount and know the sacrifices and investment it takes to capitalize and grow a media business,” Ellison writes in the letter. “I am passionate and dedicated to this

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