XPost: rec.arts.tv, rec.arts.movies.current-films
From:
YourName@YourISP.com
Paramount Looking to Purchase Major Movie Studio
------------------------------------------------
In a surprising new report, it seems like DC could be under
new management soon, as two major companies are looking to
come together.
What do we know about Paramount looking to buy Warner Bros.
Discovery?
A new report from The Wall Street Journal reveals that
Paramount Skydance is preparing to make a majority cash bid
for Warner Bros. The bid is said to be backed by the Ellison
family, including Skydance Media owner David Ellison, and
his father Larry Ellison, the co-founder of Oracle
Corporation and currently the wealthiest person in the
world, with an estimated net worth of $393 billion.
The bid will be for the entire company, including cable
networks and WB's movie studio arm. The move comes as a bit
of a shock, as Warner Bros.' market cap of $33 billion is
more than double that of Paramount Skydance.
However, Warner Bros. did announce last year that it was
planning to restructure itself into two operating divisions,
one focusing on legacy cable TV and one focusing on movies.
It seems like Paramount is looking to take advantage of this
and get involved.
Currently, The Wall Street Journal notes that no official
deal has been offered, nor made any real headway yet. Should
a deal be agreed to, it will likely face various antitrust
issues.
<
https://www.comingsoon.net/movies/news/2026276-dc-could-soon-see-new-ownership>
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