The Paramount Skydance is preparing an offer for rival Warner Bros. Discovery, according to a source familiar with the subject.
The offer, mostly cash, will be for the acquisition of the entire company, said the Wall Street Journal This Thursday (11), without disclosing the terms. Warner Bros. : One focused on cable TV business and one dedicated to streaming and studios.
Paramount’s offer has the support of the Ellison family, the newspaper said. David Ellison’s father is Larry Ellison, with a fortune valued at $ 383 billion.
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Paramount declined to comment. Warner Bros. did not immediately respond to requests for comment.
In addition to movie and TV studios, Paramount has a wallet of cable and broadcast TV properties, including CBS and MTV, as well as the Paramount+streaming service. Warner Bros., also film and TV producer, operates channels like CNN and HBO, as well as the HBO Max streaming service.
Warner Bros. They rose up to 27%, reaching $ 15.97 in New York. Already Paramount fell more than 7%, to $ 10.87.
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