Warner Bros Discovery, Inc. (NASDAQ:WBD) reached an all-time high Thursday as reports surfaced that Paramount Skydance Corp. (NASDAQ:PSKY) was eyeing it for acquisition. The stock hit $17.24 before closing at $16.17, up 28.95%. Paramount is reportedly preparing a cash bid for the acquisition, pending antitrust scrutiny.

The potential acquisition would merge Warner Bros Discovery assets like HBO Max, Barbie, and Harry Potter with Paramount’s film studio, CBS News, and Paramount+. Paramount recently completed an $8.4 billion merger with Skydance, leading to changes in leadership. While WBD shows investment potential, some AI stocks may offer higher returns and less risk.

Read more at Yahoo Finance: Warner Bros Hits All-Time High on Paramount Skydance (PSKY) Bid Report