Warner Bros. Discovery Shares Spike on Report David Ellison’s Paramount Skydance Readying Acquisition Bid

Shares of Warner Bros. Discovery shot up as much as 33% Thursday on a report by the Wall Street Journal that Paramount Skydance is prepping a takeover bid of WBD in its entirety. According to the Journal report, Paramount Skydance’s bid will be for Warner Bros. Discovery as it exists currently — despite WBD’s plans […]