Warner Bros (WBD) Climbs 55.8% on Paramount Skydance (PSKY) Bid Report

Group 1 - Warner Bros. Discovery, Inc. (NASDAQ: WBD) experienced a significant surge of 55.82% week-on-week due to acquisition interest from Paramount Skydance Corp. [1][3] - Paramount Skydance Corp. is reportedly preparing a majority cash bid to acquire Warner Bros. Discovery, including its cable networks and movie studio [2][3]. - The potential acquisition may trigger an antitrust investigation due to the size and the number of assets involved, such as HBO Max and the Harry Potter franchise [3]. Group 2 - The report on the acquisition interest follows Paramount and Skydance's recent $8.4 billion merger, which resulted in leadership changes within Paramount Skydance Corp. [4]. - Tom Ryan, the former president and CEO of Paramount Skydance, has stepped down and has been replaced by David Ellison [4].