"In a stunning twist in the media wars, Paramount Skydance ( NASDAQ:PSKY ) is gearing up to bid for Warner Bros. Discovery ( ), sending shockwaves through Hollywood. The news, first reported by The Wall Street Journal , ignited a frenzy: WBD shares rocketed 29% yesterday, closing at $16.15 per share - the company's best day ever - fueled by visions of a mega-merger. PSKY jumped over 15%. This morning, WBD is climbing another 9% higher."
"Fresh off its $8.4 billion merger with Paramount Global last month, led by David Ellison and backed by his billionaire father Larry (who just surpassed Elon Musk as the world's richest man), PSKY is eyeing an all-cash takeover of WBD. The bid, potentially arriving next week, targets the entire company - studios, HBO Max, CNN, TNT, and more - despite WBD's planned 2026 split into Warner Bros. (studios and streaming) and Discovery Global (cable)."
Paramount Skydance is preparing an all-cash bid for Warner Bros. Discovery that could be valued around $40 billion and target the entire company including studios, HBO Max, CNN, and TNT. Market reaction drove WBD shares up 29% and PSKY shares higher on merger hopes. The combined company would unite major studios, franchises, and streaming services with a potential subscriber base exceeding 150 million, enabling cost savings through shared libraries, technology, and advertising scale. Integration challenges include heavy debt, cord-cutting trends, and regulatory or operational risks that could hinder realization of synergies against a dominant Netflix.
Read at 24/7 Wall St.
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