Paramount Skydance (PSKY) Chief Executive David Ellison is in talks with private equity firms to explore a potential acquisition of Warner Bros. Discovery (WBD) that could cost over $60 billion, the New York Post reported Wednesday, citing sources with direct knowledge of the matter.
Among the potential investors is Apollo Global Management (APO), which appears most likely to support a potential deal, according to the report.
Blackstone (BX) has reviewed a possible financing role but is reportedly not interested in joining the bid at this time, the media outlet reported.
Paramount Skydance, Apollo, Blackstone, and Warner Bros. Discovery did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: 18.23, Change: -0.29, Percent Change: -1.54