
What happens next with Warner Bros. Discovery is the burning question in Hollywood right immediately. Kicking off a flurry of takeover rumors was a report from The Wall Street Journal last month that had Paramount preparing a bid for WBD. It was a shocking development, with Paramount having just finished its merger with Skydance and David Ellison assuming the CEO role, and WBD CEO David Zaslav reaffirming his plans for a split of his company just a day earlier. WBD’s stock rate reflects expectations for an acquisition, with shares up 41% from its closing rate on Sept 10, the day before the WSJ . . .
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