Paramount Skydance Prepares Ellison-Backed Cash Bid for Warner Bros. Discovery

Sep 11, 2025

Shares of Warner Bros. Discovery surged by up to 30% after reports emerged that Paramount Skydance is preparing a takeover bid for the company. The prospective offer is said to be backed by the Ellison family and involves a majority cash component.

If the bid goes through, it would include all of Warner Bros. Discovery's assets, such as its cable networks and movie studio. The bid is being explored following the recent merger of Paramount and Skydance.

The news was originally reported by the Wall Street Journal and has caused significant movement in the stock price of Warner Bros. Discovery.

Why did Warner Bros. Discovery's stock price rise?

The stock price increased after reports that Paramount Skydance is preparing a takeover bid for the company.

Who is backing the Paramount Skydance bid?

The bid is backed by the Ellison family.

What would be included in the takeover?

The bid is for the entire Warner Bros. Discovery company, including its cable networks and movie studio.

Sources
Warner Bros. Discovery stock is up 20% after report Paramount Skydance is prepar...
CNBC
Warner Bros. Discovery stock is up 20% after report Paramount Skydance is preparing a takeover bid
Paramount Skydance prepares Ellison-backed bid for Warner Bros Discovery, WSJ re...
Reuters
Paramount Skydance is preparing a majority cash bid for Warner Bros Discovery that is backed by the Ellison family, the Wall Street Journal reported on Thursday.
Paramount Skydance Prepares Ellison-Backed Bid for Warner Bros. Discovery
WSJ
The bid will be for the entire company, including its cable networks and movie studio, according to people familiar with the situation.
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CNBC Television
CNBC's Julia Boorstin joins 'The Exchange' to discuss Paramount Skydance's plan to bid for Warner Bros. Discovery.
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Deadline
The just merged Paramount Skydance is exploring bid to acquire Warner Bros. Discovery, Deadline has confirmed. A report in the Wall Street Journal that Par was preparing a bid sent WBD shares surging by 30% in afternoon trading. The WSJ said would be a majority cash offer backed by the Ellison famil...
Paramount Skydance reportedly preparing takeover bid for Warner Bros Discovery
The Guardian
Media conglomerate putting together majority cash offer for WBD backed by ultra-rich Ellison family, reports say
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Forbes
The David Ellison-led Skydance announced a merger with Paramount last year, following weeks of bidding for the company from suitors like Sony and Apollo Global Management. The deal was greenlit by the Trump administration in July, after Skydance said it would end some diversity, equity and inclusion...
Warner Bros. Discovery stock just soared 30%: what happened?
Invezz
Warner Bros. Discovery Inc (NASDAQ: WBD) soared more than 30% late on Thursday following reports that Paramount Skydance is preparing a bid to takeover the mass media and entertainment conglomerate.
Paramount Skydance prepares Ellison-backed bid for Warner Bros Discovery: WSJ
New York Post
The bid will be for the entire company, including its cable networks and movie studio, the report said, citing people familiar with the situation.
Paramount Skydance Reportedly Bidding For Warner Bros. Discovery In Latest Bold...
Forbes
Paramount Skydance will submit a bid to acquire Warner Bros. Discovery in a proposal backed by the billionaire Ellison family, the Wall Street Journal reported Thursday, weeks after a multibillion-dollar merger closed between Skydance Media and Paramount.
US digest: Warner Bros. Discovery surges, US jobless and inflation data rises
Invezz
US markets experienced significant developments on Thursday, including a sharp rally in Warner Bros. Discovery shares amid takeover speculation.
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CNBC Television
CNBC's David Faber reports on the latest news regarding Warner Bros. Discovery and Paramount Skydance.
Paramount Skydance hires bank to prepare bid for Warner Bros. Discovery
CNBC Television
CNBC's Alex Sherman reports on news regarding Warner Bros. Discovery and Paramount Skydance.
Warner Bros. Discovery stock surges after report Paramount Skydance is preparing...
CNBC Television
Warner Bros. Discovery shares soared Thursday on a report from the The Wall Street Journal that the recently merged Paramount Skydance was preparing a takeover bid.
Here's what Paramount Skydance would be buying in a deal for Warner Bros. Discov...
CNBC
David Ellison, the CEO and chairman of the newly minted Paramount Skydance, has tapped an investment bank to help prepare a takeout offer for Warner Bros. Discovery.
Why Warner Bros Discovery Stock Blasted Higher Today
The Motley Fool
An apparent takeover attempt being concocted by a peer was the main factor behind Warner Bros Discovery (WBD 28.91%) stock's precipitous rise on Thursday. On a media report that the storied entertainment company is in play, investors piled into the stock in anticipation of a generous buyout offer.
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News of a possible takeover bid helped send shares of two media and entertainment powerhouses streaming higher, while a blistering rally ran out of steam for a major enterprise software player.
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New York Post
The stock surged by more than 35% when the Wall Street Journal reported that Paramount Skydance is preparing a bid for Warner Bros.
A likely bid by Paramount for Warner Bros. Discovery means the big media roll-up...
Market Watch
Warner Bros. Discovery's stock soared, after the Wall Street Journal reported Paramount Skydance was prepping a buyout bid, in deal that could reshape the media world.
The Larry and David show: Flush Ellisons set sights on Warner Bros. Discovery
New York Post
Look no further than David Ellison's father for reasons number one, two and three behind Paramount Skydance's reportedly likely and imminent bid to buy Warner Bros
Warner Bros. Discovery Stock Takes Off As Paramount Skydance Eyes Takeover
Benzinga
Paramount Skydance Corp. PSKY is reportedly working with an investment bank to prepare a potential bid for Warner Bros. Discovery, Inc. WBD, according to people familiar with the situation.
New season of media mergers looms as Paramount Skydance circles Warner Brothers...
Proactive Investors
As the autumn TV schedules land, investors are bracing for a fresh season of dealmaking in global media. And it looks like 'episode one' is about to air.
David Ellison has wasted no time putting his stamp on Paramount
CNBC
David Ellison has big plans for the newly merged Paramount Skydance. As CEO and chairman, he's signed big deals for talent and content as part of his plan to invest in "high-quality storytelling and cutting-edge technology.
Warner Bros. Stock Is Rising Again.
Barrons
Media-industry consolidation looks likely, as David Ellison tries to build a new player that can compete with Netflix.
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Matt Belloni, Puck founding partner, joins 'Squawk Box' to discuss reports of Paramount Skydance preparing an all-cash takeover bid for Warner Bros. Discovery, impact on the media industry, and more.
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Benzinga
Investors betting on a Paramount Skydance Corp PSKY–Warner Bros Discovery Inc WBD tie-up aren't just buying into a flashy studio mash-up; they're staring down a high-stakes reshaping of Hollywood's balance of power.
Warner Bros. Surges on Report of Possible Paramount Bid
Bloomberg Markets and Finance
Paramount Skydance is preparing a bid for rival Warner Bros. Discovery, according to people with knowledge of the matter.
Paramount Skydance's potential Warner Bros. deal raises stakes for Netflix and D...
Invezz
Warner Bros. Discovery stock rallied for a second day on Friday, as investors weighed reports that Paramount Skydance is preparing a takeover bid that could reshape the US entertainment industry.
Paramount Skydance is preparing a bid for Warner Bros. Discovery: Here's what to...
CNBC Television
David Faber breaks down the details behind Paramount Skydance's possible bid for Warner Bros. Discovery, how a deal could be structured, and much more.
Warner Bros. Discovery CEO David Zaslav wants bidding war for his media giant —...
New York Post
Zaslav met earlier this week with his bankers at Goldman Sachs to gauge bidding interest from other media and tech outfits – including Amazon, Apple and Netflix.
Warner Bros. Discovery Stock Extends Surge on Paramount Skydance Takeover Report...
Investopedia
Shares of Warner Bros. Discovery (WBD) shot up for a second straight session Friday on reports rival Paramount Skydance (PSKY) was preparing to make a bid to take over its media rival.
PSKY Bid for WBD, ADBE Down Despite Earnings Beat, Tariffs Tap RH
Schwab Network
Paramount Skydance is reportedly bidding to buy Warner Bros. Discovery in its entirety.
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24/7 Wall Street
Paramount Skydance‘s (PSKY) bold Warner Bros Discovery (WBD) bid sparked a 29% stock surge yesterday, climbing 9% today. Risks abound from blending corporate cultures, technology, and antitrust concerns to rival bids.
Larry Ellison likely to provide cash for Paramount's Warner Bros. Discovery offe...
CNBC Television
David Faber breaks down the details behind Paramount Skydance's possible bid for Warner Bros. Discovery.
SPG's Simon Gallagher gives his read on Paramount Skydance's plan to bid for War...
CNBC Television
Simon Gallagher, SPG Global principal, joins 'Money Movers' to discuss what's behind Paramount Skydance's plan to bid for Warner Bros. Discovery.
WBD Up Over 50% Since PSKY Bid News, Must Jump Regulatory Hurdles
Schwab Network
Two mega media mergers could themselves become one even larger media mammoth. The Wall Street Journal reported that Paramount Skydance (PSKY) seeks to buy all of Warner Bros.
Very close to a Paramount bid for Warner Bros. Discovery, says Moffett Nathanson...
CNBC Television
Robert Fishman, Moffett Nathanson analyst, joins 'Power Lunch' to discuss the odds of the Paramount Skydance deal for Warner Bros. Discovery becoming a reality, the price tag of the potential deal and much more.
Paramount Skydance reportedly wants to buy Warner Bros. Discovery.
Fast Company
The dust has barely settled on the Paramount Skydance merger but the newly merged media company reportedly has another merger in its sights. The David Ellison-led company reportedly wants to buy Warner Bros.
Warner Bros. Discovery shares spike as CEO David Zaslav shops media group around...
New York Post
David Zaslav wants a bidding war for his media conglomerate — and investors say “bring it on!”
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Reuters
Hours after his company's merger with Paramount closed in August, CEO David Ellison's empire-building kicked into gear.
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