Paramount Skydance is preparing a majority cash bid to acquire all of Warner Bros. Discovery — including its cable networks and movie studio — that would be backed by the Ellison family, The Wall Street Journal reported Thursday, citing sources familiar with the matter. The proposed offer has not yet been formally submitted, and the plans could still collapse, the report added. The news, which comes just weeks after Skydance’s $8.4 billion merger with Paramount Global, sent Warner Bros. Discovery shares surging as much as 33% on Thursday. Zaheer Kachwala and Dawn Chmielewski for Reuters:
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Thursday, September 11, 2025
Paramount Skydance prepares Ellison-backed bid for Warner Bros. Discovery
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