The mergers and acquisitions are set to continue, with Paramount Skydance prepping a bid to buy Warner Bros. Discovery. That's per a report from the Wall Street Journal, which cites sources claiming Paramount is seeking to get a "majority cash" bid ready with the backing of the Ellison family, though no exact price has been mentioned.
This news comes mere weeks after Paramount recently finalized a merger with Skydance. Notably, the chairman and CEO of the company, David Ellison, is the son of Oracle founder Larry Ellison, who is (at the time I'm writing this) the wealthiest man in the world, surpassing Elon Musk with an estimated net worth of $393 billion.
