Paramount Skydance leads race to acquire Warner Bros. Discovery

Entertainment Nov 23, 2025

Paramount Skydance is now the frontrunner to buy Warner Bros. Discovery (WBD), with an offer backed by the Ellison family.
Their bid, submitted on November 20, 2025, aims to take over all of WBD.

Why does it matter?

This deal stands out because Paramount Skydance wants to keep CNN, while other bidders aren't interested.
With their strong political ties, they're expected to get quick regulatory approval—unlike rivals like Comcast or Netflix who could face more hurdles.
If this goes through, it could shake up how entertainment and news companies work together, possibly changing what you see on streaming and cable, and showing just how closely media and politics are becoming linked these days.