Signage at the Warner Bros. Discovery headquarters in New York, US, on Thursday, June 12, 2025.
Victor J. Blue | Bloomberg | Getty Images
Warner Bros. Discovery shares soared more than 25% Thursday afternoon on a report from the The Wall Street Journal that the recently merged Paramount Skydance was preparing a takeover bid.
Shares of Paramount Skydance were up roughly 8% in afternoon trading. Representatives for Paramount and Warner Bros. Discovery declined to comment.
Warner Bros. Discovery recently announced plans to separate its global TV networks business from its streaming business and studios. The Journal reported Thursday the Paramount Skydance bid would be for the entirety of WBD.
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