Warner Bros. Discovery stock jumps 30% on Paramount takeover talk

Shares of Warner Bros. Discovery surged more than 30% Thursday afternoon following reports that Paramount Skydance is preparing a takeover bid for the broadcast rival. The Wall Street Journal reported the mostly cash offer would be for the entire company, which would give the parent company of the Paramount Plus streaming channel rights to all of the HBO Max catalog. Paramount Skydance is backed by the Ellison family, which saw a tremendous surge in wealth yesterday, with the sharp rise in Oracle stock. ...