With the ink barely dry on its deal to buy Paramount, Skydance is reportedly already looking to roll up another major entertainment company.

Paramount Skydance is working on an offer to buy Warner Bros. Discovery, a media mega-brand that owns disparate brands ranging from CNN and DC Studios to HBO. CNBC reports that the mostly-cash bid would price Warner Bros. Discovery at around $22 to $24 per share. Skydance, now Paramount Skydance, was founded by Oracle co-founder Larry Ellison’s son David Ellison, who operates the company as its CEO. His sister, Megan Ellison, is already an established name in Hollywood as the founder of independent film production house Annapurna Pictures.

With Paramount in its quiver, Skydance now owns Paramount Pictures, Paramount+, CBS, CBS News, Comedy Central,

See Full Page