Paramount Skydance preparing bid to acquire Warner Bros Discovery
Paramount
Paramount Skydance is preparing a bid to acquire Warner Bros. Discovery, in what could become one of Hollywood’s biggest mergers. Backed by the Ellison family, the deal would include Warner’s film studio and cable networks, despite plans to split the company.
The bid is expected to be majority cash, though no formal offer has been made. Shares of Warner Bros. Discovery surged over 20% following the news.
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Led by CEO David Ellison, the move aims to strengthen streaming operations and reshape the global media landscape. Regulatory scrutiny is likely if the deal progresses.
