Reported about 10 hours ago
Paramount Skydance is reportedly preparing a major cash bid to acquire Warner Bros. Discovery, with analysts suggesting that the merger could create a strong competitor in the streaming market. The potential deal would combine both companies' 200 million subscriber base and extensive TV networks, leading to significant cost efficiencies and increased advertising revenue. Backed by the Ellison family fortune, this acquisition could impact the competitive landscape, potentially prompting other companies, like Disney, to reconsider their strategies.
Source: YAHOO