Why a Paramount-Warner Bros. Discovery Merger Makes Sense | Analysis

Fresh off its $8 billion merger with Skydance, Paramount appears ready to pounce on Warner Bros. Discovery in a bid to merge its way to becoming a next-generation media giant. Paramount's new CEO David Ellison is reportedly preparing a majority cash bid for all of WBD's assets, including its cable networks and movie studio. According to the Wall Street Journal, it would be backed by Oracle co-founder Larry Ellison - David's father and newly-crowned as the world's richest man. Warner stock closed up nearly 30% at the end of Thursday's trading session, while Paramount was up more . . .