Warner Bros. Discovery, on the other hand, is now officially for sale. Comcast, Apple, and Netflix are all interested in making takeover approaches, and Warner Bros. Discovery CEO David Zaslav and the board have started a formal assessment of these bids.

David Ellison's $23.50/share offer to acquire Warner Bros. Discovery and merge it with Paramount Skydance was rejected. How high will he go?

The firings mark the first major restructuring since Skydance Media completed its $8.4 billion merger with Paramount Global in August.

Trump's implicit support for the deal is their number one talking point,’ an Ellison adviser told CNN this week.

David Ellison's Paramount Skydance is seen as the top contender to buy Warner Bros Discovery, with analysts and experts saying the tech scion's access to deep pockets and Washington ties give him an edge in what could be the media industry's biggest merger in years.

A bidding war could take the total price of WBD from around the $50 billion Ellison is currently eyeing to upwards of $60 billion – which is exactly what WBD’s deal-savvy CEO David Zaslav

Paramount CEO David Ellison wants to merge the content library of HBO Max into Paramount Plus, according to a report published this week.