Warner Bros. Discovery stock soars after report Paramount is preparing a bid

Paramount Skydance Works with an investment bank while preparing an offer Warner Bros. DiscoveryAccording to people who know the subject.

Warner Bros. Discovery had not yet received an offer on Thursday, according to people who knew the subject of anonymity to discuss anonymity.

Warner Bros. Discovery shares rose by more than 25% on Thursday after the first report. Wall Street Journal recently united Paramount Skydance He was preparing a transfer offer.

Representatives of Paramount and Warner Bros. Discovery avoided commenting.

Paramount Skydance shares increased roughly by 8% in the afternoon trade.

Warner Bros. Discovery has recently announced that it plans to distinguish global TV networks from streaming business and studios. The magazine reported on Thursday. Paramount Skydance will be a completely cash offer for the entire WBD.

At the beginning of this week, WBD CEO David Zaslav said that the scheduled distinction will be completed until April. Flow and studio assets Warner Bros. As it is renamed, Global TV Networks will be global, which will have a series of paid TV networks, including TNT and CNN.

After a long delay, Paramount and Skydance completed its merger in August. Since then, the company has made a series of agreements under the leadership of Billionaire Larry Ellison’s son David Ellison.

The media industry is generally wandering in a transformation, because Pay has increased the Pay TV package, which has been a long time for flow, TV and entertainment companies. WBD and cable giant ComcastBoth announced that paid TV businesses were allocated to independent organizations, and many of them waited for consolidation to be the way to the industry.

This is the last minute news. Please refresh for updates.