Paramount Skydance is reshaping its Paramount+ streaming app to capture the growing demand for short-form video content and compete more directly with platforms like TikTok, Instagram, and YouTube.

The UK’s competition regulator is set to launch an investigation into the planned $110 billion merger between Paramount Skydance and Warner Bros Discovery in the coming weeks, according to the country’s antitrust watchdog.

David Zaslav could receive up to $887 million following the planned sale of Warner Bros Discovery to Paramount Skydance, according to a regulatory filing.

Tencent is considering investing several hundred million dollars in Paramount Skydance’s planned acquisition of Warner Bros. Discovery, according to people familiar with the matter.

Warner Bros Discovery has agreed to be acquired by Paramount Skydance in a $110 billion deal signed Friday morning, according to an audio clip of a global townhall by the company, which was reviewed by Reuters.

Netflix has announced it will not submit a higher offer to acquire Warner Bros. Discovery (WBD), clearing the way for Paramount Skydance to take the lead in the high-stakes race for the Hollywood giant.

Warner Bros Discovery is considering a revised bid from Paramount Skydance as the battle for the Hollywood studio heats up. The value of the new offer has not been disclosed, but it is higher than Paramount’s previous $30-per-share bid, or $108.4 billion including debt, according to a source familiar with the matter.

Warner Bros. Discovery is considering reopening sale negotiations with Paramount Skydance after receiving an updated offer.

Warner Bros Discovery attracted increased attention from activist hedge fund Sachem Head Capital Management in late 2025, with the firm more than doubling its stake in the media giant, according to a regulatory filing.