Paramount Skydance made a bold move by submitting a bid to acquire Warner Bros Discovery for $30 per share, totaling over $108 billion. This offer includes the entire company, excluding the legacy cable business. In comparison, Netflix offered $27.75 per share for Warner Bros’ streaming and studio assets only. Paramount Skydance’s bid, partially backed by Larry Ellison’s family, is compelling and likely to impact Warner Bros’ stock price. Stay tuned as this Hollywood takeover saga unfolds.

Read more at Nasdaq: Why Paramount Skydance Stock Crushed it Today