Paramount Skydance talking to PE firms for potential Warner Bros. Discovery deal - report

[Warner Bros. Discovery Upfront 2022 - Show]
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Paramount Skydance (NASDAQ:PSKY [https://seekingalpha.com/symbol/PSKY]) is talking to Apollo Global (APO [https://seekingalpha.com/symbol/APO]) and other PE firms about a joint bid for the entertainment giant.

Apollo appears closest to helping Paramount Skydance head David Ellison for a potential offer, according to a New York Post report [https://nypost.com/2025/10/08/media/paramount-skydance-talking-to-apollo-to-join-possible-60b-warner-bros-discovery-bid-sources/] on Wednesday, which cited people familiar with the matter.

Blackstone (BX [https://seekingalpha.com/symbol/BX]) has also looked at a financing role in the transaction, though as of now isn't interested in participating, according to the report.

Paramount Skydance chief Ellison is looking for other sources of capital for a potential bid as his dad Larry Ellison appears to have a limited appetite for media deals.

Skydance, Apollo and Blackstone declined to comment to the NY Post.

Shares of Warner Bros. Discovery ticked lower by 0.9% amid the report.

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