AlphaTON stock soars 200% after pioneering digital asset oncology initiative
Investing.com -- Warner Bros. Discovery (NASDAQ:WBD) stock briefly rose as much as 2% Wednesday following a New York Post report that Skydance Media’s David Ellison is discussing a potential $60 billion bid for the media giant with major private equity firms.
According to the report, Apollo Global Management is among the potential investors considering joining Ellison’s bid. Apollo appears to be the closest to partnering with Skydance on the potential deal, sources told the Post.
Blackstone has reportedly explored a financing role but is currently not interested in participating, according to the report.
Warner Bros. Discovery shares previously gained ground last month when rumors of a potential takeover first emerged, though no formal offer has materialized yet.
After spiking higher initially, shares gave up gains and declined 1% midday.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.