Paramount Skydance could soon add HBO, CNN, and DC Studios to its empire

"With Paramount in its quiver, Skydance now owns Paramount Pictures, Paramount+, CBS, CBS News, Comedy Central, Nickelodeon and Showtime, among other entertainment properties. If the company succeeds with rumored plans to buy Warner Bros., it would also pick up Warner Bros. Pictures, DC Studios, DC Comics, Turner Classic Movies, New Line Cinema, HBO, HBO Max, CNN, the Discovery Channel, the Travel Channel, TBS, TNT, Warner Bros. theme parks."

"With the ink barely dry on its deal to buy Paramount, Skydance is reportedly already looking to roll up another major entertainment company. Paramount Skydance is working on an offer to buy Warner Bros. Discovery, a media mega-brand that owns disparate brands ranging from CNN and DC Studios to HBO. CNBC reports that the mostly-cash bid would price Warner Bros. Discovery at around $22 to $24 per share."

Paramount Skydance is preparing a mostly-cash offer to acquire Warner Bros. Discovery at roughly $22 to $24 per share. The combined company would add Warner Bros. Pictures, DC Studios, DC Comics, Turner Classic Movies, New Line Cinema, HBO, HBO Max, CNN, Discovery Channel, Travel Channel, TBS, TNT and theme parks to Paramount Skydance's existing holdings, including Paramount Pictures, Paramount+, CBS, Comedy Central, Nickelodeon and Showtime. Warner Bros. Discovery currently has a market value above $45 billion. Paramount Skydance recently secured a $7.7 billion U.S. UFC streaming deal covering seven years. The acquisition would disrupt Warner Bros. Discovery's plan to split into two public companies by 2026.

Read at Fast Company