Overview

• Forbes reported on Sept. 19 that the newly formed Paramount Skydance is considering an acquisition of Warner Bros. Discovery.
• WBD shares have climbed about 53% since the takeover chatter first surfaced, according to recent coverage.
• No formal bid or regulatory filing has emerged, and any proposal would likely face antitrust scrutiny following prior DOJ review of the Paramount‑Skydance merger and potential FTC concerns.
• WBD plans to separate into Warner Bros. and Discovery Global by April 2026, a timeline analysts say could affect deal pricing and structure if a buyer moves sooner.
• CNBC’s Jim Cramer has called the stock “red hot,” floated possible rival interest from large tech companies, and discussed whether a Netflix‑style strategy is influencing the talks.