The latest rally in shares of Warner Bros. Discovery may not hold if a takeover bid from Paramount Skydance doesn't come to fruition, TD Cowen said this week.
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The Wall Street Journal reported the recently merged Paramount Skydance was preparing a takeover bid for the entirety of WBD.
Warner Bros Discovery is on the verge of breaking up, crippled by declines in its television business.
Warner Bros. Discovery's board has unanimously turned down Paramount Skydance's latest attempt to acquire the studio.
WBD said this week it had received "unsolicited interest" from multiple parties.
Paramount Skydance is preparing a majority cash bid for Warner Bros Discovery that is backed by the Ellison family, the Wall…
Warner Bros Discovery's board has unanimously turned down Paramount Skydance's latest attempt to acquire the studio.
