Paramount Skydance’s Bold $70 Billion Gamble: Ellison-Backed Bid For Warner Bros. Discovery!

Paramount Skydance is preparing to launch one of the most ambitious takeover attempts in Hollywood’s history: a majority cash bid to acquire Warner Bros. Discovery, backed by the vast fortune of Larry Ellison. Fresh off the August 2025 completion of their own merger, Paramount and Skydance are positioning themselves for another transformative leap. Warner Bros. Discovery, with an enterprise value of roughly $71 billion and a library that includes DC Comics, Harry Potter, HBO, and CNN, represents a target more than twice the size of Paramount’s own $19 billion market capitalization. The bid, still in preparation and yet to be formally submitted, is structured to preempt Warner’s planned split into cable and streaming units—a move that could attract deep-pocketed tech giants like Amazon or Apple. Market reaction has already been dramatic, with Warner shares soaring nearly 30% and Paramount rising over 15% on the news, underscoring the potential scale of this industry-defining consolidation.