A likely bid by Paramount for Warner Bros. Discovery means the big media roll-up is underway
1. PSKY plans to acquire Warner Bros. Discovery, transforming media landscape. 2. Paramount shares surged by 16% following acquisition news. 3. Warner's market cap exceeds $31 billion, potential cash offer expected. 4. No major regulatory obstacles anticipated for the acquisition. 5. Changes at CBS News may shift focus more conservatively.