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

CNBC · New
CNBC
CNBC
New

Simon Gallagher, SPG Global principal, joins 'Money Movers' to discuss what's behind Paramount Skydance's plan to bid for Warner Bros. Discovery.

Breakdown
  • 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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