Topline
Paramount Skydance will submit a bid to acquire Warner Bros. Discovery in a proposal backed by the billionaire Ellison family, the Wall Street Journal reported Thursday, weeks after a multibillion-dollar merger closed between Skydance Media and Paramount.
The proposal includes Warner Bros. Discovery’s cable networks and movie studio.
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Key Facts
A bid by Paramount Skydance—run by David Ellison, son of Oracle chairman Larry Ellison—will include Warner Bros. Discovery’s cable networks and movie studio, the Wall Street Journal reported, citing people familiar with the situation.
Neither Paramount nor Warner Bros. Discovery immediately responded to requests for comment from Forbes.
This is a developing story.