Paramount Skydance reportedly wants to buy Warner Bros. Discovery.

Group 1 - Paramount Skydance is reportedly preparing a bid to acquire Warner Bros. Discovery, which is currently in the process of breaking itself up into smaller media companies [4][10] - The proposed deal would be a majority all-cash transaction, aiming to acquire all assets of Warner Bros. Discovery, including its movie studio and HBO Max streaming service [4][12] - If the merger is approved, it would create one of the largest media entities in the U.S. [5] Group 2 - Warner Bros. Discovery plans to split into two publicly traded companies by April 2026, separating its media assets into a new Streaming & Studios company and a Global Networks company [10] - A merger with Paramount Skydance would contradict Warner Bros. Discovery's stated efforts to de-consolidate its assets [8][9] - The merger would face regulatory scrutiny due to concerns over the consolidation of two major media companies [11] Group 3 - The stock prices of both companies surged following the news of the potential merger, with Warner Bros. Discovery shares closing nearly 29% higher and Paramount Skydance shares up more than 15.5% [13] - At current stock prices, Warner Bros. Discovery is valued at approximately $43 billion, while Paramount Skydance is valued at around $20 billion [14]