"Jimin Kim/SOPA Images/Sipa USA via AP Images Paramount Skydance is planning to make a majority cash bid for CNN parent company Warner Bros. Discovery in an effort to consolidate the media giants, according to reporting in The Wall Street Journal on Thursday."
"The bid will be for the entire company, including its cable networks and movie studio, people familiar with the situation told WSJ. Skydance officially merged with Paramount just weeks ago after CBS agreed to settle a lawsuit with President Donald Trump for $16 million. Trump had claimed that a 60 Minutes interview with Kamala Harris was unfairly edited and put him at a disadvantage in the 2024 election. In addition to CBS, Paramount owns Nickelodeon, MTV, Comedy Central, and its movie studio. This is a breaking story and will be updated."
Paramount Skydance is planning a majority cash bid to acquire Warner Bros. Discovery, the parent company of CNN. The proposed offer would target the entire company, covering its cable networks and movie studio. Skydance completed a merger with Paramount just weeks earlier following a $16 million settlement by CBS in a lawsuit involving President Donald Trump. Trump claimed a 60 Minutes interview with Kamala Harris was unfairly edited and disadvantaged him in the 2024 election. Paramount’s portfolio includes CBS, Nickelodeon, MTV, Comedy Central, and a movie studio. Further details about financing, timing, or responses were not provided.
Read at www.mediaite.com
Unable to calculate read time
Collection
[
|
...
]