Paramount Skydance Prepares to Acquire Warner Bros. Discovery
Paramount Skydance is reportedly preparing a takeover bid for Warner Bros. Discovery, aiming to merge two of Hollywood's largest film companies. The potential acquisition includes Warner Bros. Discovery's cable TV networks and film studios. Following the news, Warner Bros. stock surged by 30% and Paramount's stock rose by 15%. Both companies have not provided official comments on the matter yet.