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

Shares of Warner Bros. Discovery spiked more than 20% 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 in its entirety — despite WBD’s plans to split into […]