Overview

• Forbes and earlier Wall Street Journal reporting say Paramount Skydance is considering a cash bid for WBD, with investor speculation boosted by Ellison family backing.
• WBD has climbed roughly 62% over 21 trading days to around $19.56, and some market commentary urges caution on volatility and downside risks.
• Warner Bros. Discovery has formally outlined a plan to separate into two companies by April 2026, shaping timing and valuation debates for any pre‑split offer.
• Analysts note that antitrust scrutiny looms large after prior DOJ attention to the Paramount‑Skydance merger, and the FTC could also challenge a larger combination.
• CNBC’s Jim Cramer discussed the takeover chatter and floated the possibility of multiple suitors such as Apple, Amazon and Netflix, framing it as potential auction dynamics.