Reported Paramount Skydance Bid Threatens Warner Bros Discovery’s Cable Spinoff

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…