You could make a case that no streaming service company has been speculated about and analyzed more over the last several years than Warner Bros Discovery. The company has famously gone through mergers, name changes and an endless stream of rumors about its own future, and yet, the long-term picture still isn’t clear. Lately, it’s seemed like CEO David Zaslav was going to sell the company to the recently merged Paramount Skydance, but it turns out that’s not the only option on the table.
Let’s back up real quick. Paramount Skydance and its owners The Ellison Family have been flirting with buying Warner Bros Discovery for awhile now. They recently offered $20 a share to buy the business, but according to Bloomberg, Zaslav and company officially decided to pass over the weekend. The initial speculation on Wall Street was that Paramount would come back with a higher offer and/ or put their petition directly to the shareholders, but The Hollywood Reporter is claiming there is another option very much in play.
