Warner Bros. Discovery Faces Potential $60 Billion Buyout Amid Market Turmoil

Warner Bros. Discovery (WBD) shares tumbled over 2% in late trading Wednesday as reports surfaced of a potential $60 billion acquisition bid. Paramount Skydance (PSKY) is actively assembling financing for the deal, while Netflix (NFLX) looms as a possible counter-bidder. The staggering price tag—reportedly requiring liquidation of Oracle (ORCL) founder Larry Ellison's stake—has rattled investors despite the strategic appeal of the media giant.

Market skepticism prevails as analysts question funding feasibility for what WOULD rank among the largest media acquisitions in history. The development underscores intensifying consolidation pressures in the streaming sector, where scale increasingly determines survival. All eyes now turn to Netflix's next move in this high-stakes corporate chess match.