Why Warner Bros Discovery Stock Blasted Higher Today

Group 1 - Warner Bros Discovery's stock surged nearly 29% due to speculation of a potential takeover by Paramount Skydance [1] - The Wall Street Journal reported that Paramount Skydance is preparing a majority cash bid for Warner Bros Discovery, backed by CEO David Ellison's family [2][3] - The bid aims to acquire the entire Warner Bros Discovery, which includes significant assets like HBO and DC Studios [3][4] Group 2 - Warner Bros Discovery's market capitalization exceeded $40 billion following the stock price increase, indicating a substantial bid is expected [5][7] - There is no official comment from either Paramount Skydance or Warner Bros Discovery regarding the reported bid [5] - The credibility of the report is bolstered by David Ellison's recent involvement with Paramount Skydance and the financial resources available to him [6]