Paramount Skydance plans cash bid for Warner Bros Discovery, including HBO, CNN; shares surge nearly 30%

Paramount Skydence, according to a report of Wall Street Journal, Warner Bros. For Discovery, the majority is planning a cash offer and refers to people who are familiar with the situation.

The report is preparing to sell all operations, including Warner Bros Discovery, cable networks and film studio. At the end of last year, the company announced that it aims to reorganize two separate sections, one focusing on traditional cable TV business and the other focused on flow and studios.

Skydence is ruled by David Ellison, son of Oracle’s founding partner and billionaire Larry Ellison. The big offer comes weeks after Skydand purchased Paramount Global for $ 8.4 billion. This agreement is expected to bring Superman and Nickelodeon’s best -known entertainment brands, including DC Comics Superheroes, such as Spongebob Squarepants, Matrix and Star Trek and News Networks CBS News and CNN.

The stock market reacts

Reuters, Warner Bros Discovery’s shares rose up to 30 percent after the release of the report, while paramount shares increased by 15 percent.

Both Paramount and Warner Bros did not officially comment on development. LİVEMİNT He did not confirm the report independently.

Warner Bros Discovery reorganizes the media business, separating the fighting cable TV from its studio and flow operations. In the meantime, according to Skydence’s WSJ, all Warner Bros Discovery, including the Warner Bros Film Studio, HBO and CNN, is trying to buy all media assets.

If the agreement is successful, it will bring two of Hollywood’s most famous studios and HBO Max and Paramount flow services.

Potential proposal emphasizes increasing competition in the media industry to expand the traditional companies scale and strengthen the decreasing flow platforms with TV imaging and advertising revenue decreasing. The good -financed technology giants, which offer online flow services, are encountering increasing competition from Apple and Amazon.com.

Regulatory concerns

Combining two major media giants, Hollywood’s major heritage studios will only reduce four and attract attention to the regulatory news, film and the greatest names on TV.

“I don’t know if the government will allow it, Blo he told Bloomberg News. Sfeir, “Already a very busy industry to begin and now you will have more concentration. There will be less competition for flow. Less competition when prices will increase over time,” he said.