Signage at the Warner Bros. Discovery headquarters in New York, US, on Thursday, June 12, 2025.
Victor J. Blue | Bloomberg | Getty Images
Warner Bros. Discovery shares soared Thursday afternoon on a report that the recently merged Paramount Skydance was preparing a takeover bid.
WBD’s stock was up more than 20% on Thursday after The Wall Street Journal reported that Paramount Skydance was preparing a majority cash bid for the company.
Representatives for Paramount and Warner Bros. Discovery declined to comment.
Warner Bros. Discovery recently announced plans to separate its global TV networks business from its streaming and studios. The Journal reported Thursday the Paramount Skydance bid would be for the entire WBD.
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