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What is the news on Paramount and Skydance?

Asked 5 hours ago

Answer

Paramount and Skydance are preparing a bid to acquire Warner Bros. Discovery following their recent merger. The move is urgent due to Warner Bros. Discovery's plans to split the company, which could attract other major bidders like Apple and Amazon. The proposed acquisition is estimated at $60 billion, including debt.

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Paramount Skydance's plan to bid for Warner Bros. Discovery

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  • Paramount Skydance is preparing a bid to acquire Warner Bros. Discovery. 4s
  • The urgency is due to concerns Warner Bros. Discovery might sell a 20% stake, attracting other bidders like Apple and Amazon. 27s
  • Comcast is considered a potential bidder, but the Ellison family is seen as having stronger alignment for a successful bid. 56s
  • A merger would make the combined company a major global streaming competitor, second only to Netflix. 1m 29s
  • The deal could also prompt further changes in the news and cable sectors, with possible new deals involving major news organizations. 2m 11s
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References

Paramount Skydance's plan to bid for Warner Bros. Discovery
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CNBC
8 hours ago
Paramount Skydance's plan to bid for Warner Bros. Discovery

Paramount Skydance is preparing to make a bid for Warner Bros. Discovery, following its own merger just weeks ago.

Paramount Skydance's plan to bid for Warner Bros. Discovery
Icon
CNBC
8 hours ago
Paramount Skydance's plan to bid for Warner Bros. Discovery

There is urgency because Warner Bros. Discovery could sell a 20% stake in its studio streaming operation, potentially attracting bidders like Apple and Amazon.

Paramount Skydance preparing bid for Warner Bros. Discovery
Icon
CNBC
1 day ago
Paramount Skydance preparing bid for Warner Bros. Discovery

Paramount is working on a bid for Warner Bros. Discovery and has hired a bank, making the process fairly advanced.

Paramount Skydance preparing bid for Warner Bros. Discovery
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CNBC
1 day ago
Paramount Skydance preparing bid for Warner Bros. Discovery

The deal, including debt, is estimated at $60 billion, and the Ellison family has significant ambitions for Paramount.

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