Reported about 17 hours ago
Paramount-Skydance is reportedly preparing a majority-cash bid for Warner Bros. Discovery, propelling WBD's stock nearly 50% higher. This potential acquisition could lead to a media bidding war and reshape the streaming landscape by combining both companies into a top-tier global player with around 200 million subscribers and $20 billion in TV advertising revenue. Other major players like Comcast, Amazon, and Apple might also enter the fray, intensifying competition in the industry.
Source: YAHOO