Paramount Skydance is preparing a majority cash bid for Warner Bros. Discovery that is backed by the Ellison family, according to people familiar with the situation.

The bid will be for the entire company, including its cable networks and movie studio, the people said. Warner said late last year it planned to restructure into two operating divisions, one focused on the legacy cable TV business and the other on streaming and studios.

Skydance, run by David Ellison, the son of billionaire Larry Ellison, weeks ago closed its deal to merge with Paramount, which owns Nickelodeon, MTV, Comedy Central and its movie studio.

Exclusive | Paramount Skydance Prepares Ellison-Backed Bid for Warner Bros. Discovery - WSJ

Fucking UGH!

Skydance is trash, Larry Ellison is trash, Skydance has literally only just acquired Paramount and now they're rushing straight into acquiring Warner Bros Discovery so they'll join forces with Trash David Zaslav. Plus this would be yet another horizontal merger of two corporations. This also comes only days after Oracle's stock soared and made Larry Ellison the richest man in the world temporarily.

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Oracle (ORCL) stock jumped over 36% Wednesday to a new record close after the software giant said its AI-fueled cloud revenue is set to jump to $144 billion by its 2030 fiscal year. That marks a massive leap from the company's projection of less than $20 billion for the business in its current fiscal year.

"We expect Oracle Cloud Infrastructure revenue to grow 77% to $18 billion this fiscal year — and then increase to $32 billion, $73 billion, $114 billion, and $144 billion over the subsequent four years," CEO Safra Catz said in a statement on Tuesday.

Oracle stock's rise Wednesday was its biggest single-day gain since December 1992 and added roughly $250 billion to the software giant's market capitalization.

Oracle stock soars after CEO says AI-fueled cloud revenue set to jump to $144 billion

This is a bit scary. With those projections it means a major tech company like Oracle has something up its sleeve (pipeline), that is not public info yet. Wonder what it will be.

Hope it gets blocked, Skydance has LITERALLY just acquired Paramount, now they want to gobble up WB Discovery too? And use his daddy Larry Ellison recent stock surge from a different company to fund it, I don't like it, Lol.

His daddy is helping him gobble up the industry.

This also puts CBS and CNN under the same roof, disgusting merging of media happening, all controlled by a few men.

More consolidation in the film industry would be bad. We are already down a major studio with Disney acquiring Fox. If Paramount owns WB that would mean even fewer movies get mad and released.

The Trump administration is too comfy with corporate America so I doubt it would put up any resistance. Especially since the owners are chummy with Trump.

This too, the Trump Administration won't block this, like the Paramount-Skydance merger they will just promise a few things to the Trump Admin, which is especially dangerous to think about when both Skydance-Paramount and Warner Bros Discovery each own a major news corporation, Paramount-Skydance had concerns about a monopoly until they gave Trump a bunch of concessions and then everything was perfectly fine, Lmao. David Zaslav and Larry Ellison is a match made in hell for free media and for the creative industries, Zaslav has been awful enough as it is and Skydance-Paramount are already looking at making a bunch of cuts.

I hope so too, I doubt it will.

Given the explosive revenue increase they are projecting for AI, I'm speculating that it might be a big AI defense contract looming.