Warner Bros Discovery (WBD) stock surged ~28% today after reports broke that Paramount Skydance(PSKY)(via David Ellison and the Ellison family) is preparing a bid to acquire WBD outright. If the bid moves forward, it could derail WBD’s plan to spin off its cable/linear networks business announced just a few months ago. Warner Brothers Spinoff Plan Under Threat WBD… Read More »
Topgolf Callaway Spinoff Deferred Topgolf Callaway Brands(MODG) surprised investors this week by announcing it would delay the planned spinoff of its Topgolf entertainment unit, a reversal in both timing and tone from earlier guidance that pointed toward a late-2025 deal. The new expectation? Sometime in 2026, and only after the company recruits a permanent CEO to lead Topgolf… Read More »
Warner Brothers Discovery (WBD) has announced plans to split into two standalone, publicly traded companies by mid‑2026, separating its Streaming & Studios division (Warner Bros. Pictures, HBO, HBO Max, DC, and gaming) from its Global Networks division (CNN, TNT, TBS, Discovery Channel, HGTV, and more). The split will be tax-free to shareholders and will result in the… Read More »