Warner Bros. Discovery stock just soared 30%: what happened?

Core Viewpoint - Warner Bros. Discovery Inc (NASDAQ: WBD) experienced a surge of over 30% following reports that Paramount Skydance is preparing a bid to acquire the company [1] Company Summary - Warner Bros. Discovery Inc's stock price increased significantly, indicating strong market interest and potential investor confidence in the company's future following the acquisition news [1] - The potential bid from Paramount Skydance highlights ongoing consolidation trends within the mass media and entertainment industry, suggesting a competitive landscape [1] Industry Summary - The mass media and entertainment sector is witnessing increased merger and acquisition activity, as companies seek to enhance their market positions and expand their content offerings [1] - The reported bid reflects the strategic moves by major players in the industry to adapt to changing consumer preferences and technological advancements [1]