Warner Bros Discovery shares surge on buyout reports

Paramount Skydance is reportedly preparing a bid to acquire the entire Warner Brothers Discovery business, leading to a surge in both companies' stock prices. This potential acquisition would combine major media assets including CNN, HBO, CBS, and film studios responsible for franchises like Barbie and Harry Potter. The deal represents further consolidation in the US media industry as companies adapt to the streaming era while facing increased scrutiny from the Trump administration.