XPost: rec.arts.tv, rec.arts.movies.current-films   
   From: YourName@YourISP.com   
      
       Paramount Looking to Purchase Major Movie Studio   
       ------------------------------------------------   
       In a surprising new report, it seems like DC could be under   
       new management soon, as two major companies are looking to   
       come together.   
      
       What do we know about Paramount looking to buy Warner Bros.   
       Discovery?   
       A new report from The Wall Street Journal reveals that   
       Paramount Skydance is preparing to make a majority cash bid   
       for Warner Bros. The bid is said to be backed by the Ellison   
       family, including Skydance Media owner David Ellison, and   
       his father Larry Ellison, the co-founder of Oracle   
       Corporation and currently the wealthiest person in the   
       world, with an estimated net worth of $393 billion.   
      
       The bid will be for the entire company, including cable   
       networks and WB's movie studio arm. The move comes as a bit   
       of a shock, as Warner Bros.' market cap of $33 billion is   
       more than double that of Paramount Skydance.   
      
       However, Warner Bros. did announce last year that it was   
       planning to restructure itself into two operating divisions,   
       one focusing on legacy cable TV and one focusing on movies.   
       It seems like Paramount is looking to take advantage of this   
       and get involved.   
      
       Currently, The Wall Street Journal notes that no official   
       deal has been offered, nor made any real headway yet. Should   
       a deal be agreed to, it will likely face various antitrust   
       issues.   
      
      
      
      
      
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