Overview

• CNBC reports a potential Paramount Skydance offer in the $22 to $24 per‑share range with roughly 70% to 80% in cash, backed in part by Larry Ellison, while cautioning the figures and timing remain tentative.
• Puck and follow-on coverage say Netflix is considering a competing bid, with some reports suggesting interest could focus on studio and streaming assets rather than the entire company.
• Warner Bros. Discovery has announced a plan to separate into a streaming-and-studios company and a global networks company by mid‑2026, a restructuring that could affect valuation and deal structure.
• WBD shares have moved higher on takeover speculation, and reporting says CEO David Zaslav has gauged interest from multiple potential buyers, though no formal offer has been filed.
• Any acquisition would draw antitrust and media-ownership review by federal regulators, and industry commentary warns of potential job cuts and reduced content diversity from further consolidation.