Warner Bros. Discovery shares hit a 52-week high as the company explores strategic alternatives to maximize shareholder value, sparking speculation about potential acquisitions by major players like Paramount Skydance and Netflix.
In a surprising move, David Ellison’s Skydance Media is considering a $70 billion acquisition of Warner Bros. Discovery just weeks after completing a major merger with Paramount. Analysts speculate this strategy aims to consolidate media assets amidst industry instability.
Nexstar Media Group is set to acquire Tegna for $6.2 billion, reshaping the local news landscape. This merger aims to enhance competition against Big Tech while expanding advertising options. Share prices soar!
