00:00Sources say Paramount Skydance is working with an investment bank on an all-cash bid for Warner Brothers Discovery, with a formal offer potentially coming as early as next week.
00:11The news caused WBD shares to surge over 28%, while Paramount's stock rose about 15%, following reports of the potential merger.
00:21A combined company would unite two major film studios and vast TV and streaming assets, positioning it as a media powerhouse amid growing industry consolidation.
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