Paramount Skydance Weighing Bid for Warner Bros.โฃ Discovery
Paramount Skydance is โpreparing a bid for Warner โBros. Discovery (WBD), according to sources familiar with the matter. the potential move comes as the media landscape โcontinues to consolidate, โwith companies seeking scale to compete in the streamingโ era.
Comcast announced in November 2024 that its NBCUniversal would spin off its pay TV networks, โincluding CNBC adn MSNBC, into a separate, โpublicly traded entity, a strategy WBD afterward mirrored.
Paramountโฃ Skydance itself is the result of an $8 billion merger โfinalized in August 2025 after a lengthy regulatory review by the Federal Communications Commission โข(FCC). The FCC’s โapproval followedโ Paramount’s โagreement to pay $16 million to Donald Trump to settle aโฃ lawsuit over a “60 Minutes” interview with โคKamala Harris. FCC Chairman Brendan Carr stated upon approval that he welcomed “Skydance’s commitmentโ to make critically important changes at the once storied CBS broadcast network.”
The company, led by David Ellison, son of Oracle founder and multibillionaire Larry Ellison, is currently focused on cutting over $2 billion in costs,โฃ with further layoffs anticipated. Last week, Paramount Skydance mandated employees return to the office fiveโ days a week or seek a buyout.
Sence the merger backed by RedBird Capital Partners, Paramount Skydance has pursued โseveral deals, including acquiring theโ U.S. rights to UFC for seven years beginning in 2026. On september 10, โฃ2025, Larry Ellison’s wealth increased by โขoverโฃ $100 billion following strong growth projections from Oracle.
Disclosure: Comcast is the parent company of NBCUniversal and CNBC.