Warner Bros. Discovery (NASDAQ:WBD) rose 2.5% after a report that a bid from Paramount Skydance (NASDAQ:PSKY) may come as soon as this week.
The process is fluid and it’s possible an offer is delayed again or not submitted at all, according to a NY Post report on Wednesday, which cited people familiar with the matter.
Paramount Skydance declined to comment to the NY Post and a representative for Warner Bros. Discovery CEO David Zaslav didn’t return a request for comment.
The latest update comes after Bloomberg reported on Sunday that Warner Bros. (NASDAQ:WBD) initially rejected Paramount Skydance’s (NASDAQ:PSKY) bid for roughly $20 a share in recent weeks. Zaslav is said to want upwards of $30 a share in a deal, according to a NYPost report on Monday.