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Paramount Skydance prepares an offer for Warner Bros. To buy Discovery, according to the Wall Street Journal.
A report Published Thursday, sources quoted the journal that Paramount Skydance, who has completed his own merger last month and is now led by David Ellison, wants to acquire the film studio and cable networks that are run by one of the best rivals in the company.
If completed, the deal would mark the greatest merger of two legacy Hollywood Studios under one business umbrella.
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Paramount Skydance is reportedly preparing a takeover of Warner Bros. Discovery for a merger that would rock the entertainment and media landscape. (Aaronp/Bauer-Griffin/GC images/Getty images)
Warner Bros. Discovery announced in June that the company split the studio from his cable network. The spin -off company, Discovery Global Networks, included CNN, TBS and TNT. It is unclear whether the business split would be stopped as a result of a Paramount Skydance bid.
Paramount’s potential acquisition of Warner Bros. Discovery would place HBO and CNN in the same business umbrella as CBS, Showtime and various other cable networks, including Nickelodeon, MTV, BET and Comedy Central.
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The magazine noted that “no bid has been made yet and the plans can still fall apart.”
Warner Bros. Discovery refused to comment. Paramount did not immediately respond to a request for comment.
Paramount CEO David Ellison took over the company last month after the merger with Skydance Media. (Charly Triballeau / AFP via Getty Images / Getty images)
Last month, Paramount merged with Skydance in a transaction of $ 8 billion, which was eventually approved by the FCC after the months -long legal battle of Paramount with President Donald Trump.
Trump had sued Paramount and CBS news due to election interference in dealing with the “60 minutes” interview with the then vice-president Kamala Harris that was broadcast in the weeks before the November elections. Paramount decided Trump’s lawsuit in July.
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Paramount decided the lawsuit of President Donald Trump just a few weeks before the FCC approved his merger with Skydance. (Patrick T. Fallon / AFP via Getty Images / Getty images)
Warner Bros. Discovery is not the only media assets that Ellison has reportedly focused on his eyes. Ellison is also try to buy the free press For $ 100 million to $ 200 million and reportedly planning to give his founder, independent journalist Bari Weiss, a leading editorial role at CBS News.
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