Warner Bros Discovery Surges on PSKY Takeover Rumors; Trump’s Stance Eyed
Warner Bros Discovery shares soared nearly 30% amid rumors of a potential acquisition by Paramount Skydance, a deal that could reshape Hollywood's landscape. The proposed merger, backed by billionaire Larry Ellison, WOULD mark the largest industry consolidation since Disney's 2019 purchase of 21st Century Fox.
Market sentiment appears bullish, with insiders suggesting former President Donald TRUMP is likely to support the transaction. Antitrust concerns are widely viewed as political theater rather than substantive obstacles. Paramount Skydance shares climbed over 15% on the news, reflecting Wall Street's expectation of a formal bid.