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Paramount Skydance preparing bid for Warner Bros. Discovery

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CNBC
CNBC
Just In

Paramount Skydance is working on a bid to acquire Warner Bros. Discovery. The move is reportedly in response to Warner Bros. Discovery's plans to split the company into two, a process expected to be completed by mid-next year.

Breakdown
  • Paramount Skydance is preparing a bid for Warner Bros. Discovery. 22s
  • The bid aims to precede Warner Bros. Discovery's planned company split. 34s
  • If the split occurs, Paramount Skydance would have to wait over a year to bid for tax reasons. 47s
  • The potential deal is valued at approximately $60 billion including debt. 1m 18s
  • The Ellison family is reportedly seeking to expand Paramount's presence in the competitive media industry. 1m 0s
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