Paramount Skydance reportedly preparing takeover bid for Warner Bros Discovery

Media conglomerate putting together majority cash offer for WBD backed by ultra-rich Ellison family, reports say

Paramount Skydance is reportedly preparing a takeover offer for Warner Bros Discovery, in a bid to pull together two of the largest US legacy media conglomerates and Hollywood movie studios.

Less than a month after Skydance, a production firm run by David Ellison, son of the billionaire tech mogul Larry Ellison, closed its merger with Paramount, the firm is considering other blockbuster deals.