Paramount’s Ellison Declined Hearing Invite on Warner Bros.

Paramount Skydance Corp. Chief Executive Officer David Ellison turned down an invitation to testify before the Senate at an antitrust hearing about the proposed tie-up between Netflix Inc. and Warner Bros. Discovery Inc.

Ellison, who has launched a hostile tender offer for Warner Bros. along with his father, Oracle Corp. co-founder Larry Ellison, said in a to New Jersey Senator Cory Booker, the panel’s top Democrat, that he didn’t believe it would be helpful for him to appear before the panel since Warner Bros rejected their offers.