Warner Bros. Discovery, on the other hand, is now officially for sale. Comcast, Apple, and Netflix are all interested in making takeover approaches, and Warner Bros. Discovery CEO David Zaslav and the board have started a formal assessment of these bids.

Trump's implicit support for the deal is their number one talking point,’ an Ellison adviser told CNN this week.

With the president’s blessing, the Ellisons’ Skydance merged with Paramount, gaining control of CBS News. Now the new giant might gobble up Warner Bros. Discovery, which includes CNN.

Warner Bros. Discovery is smack in the eye of the latest media M&A maelstrom - and staffers are bracing for the possibility that they'll get a new corporate overlord in the near future. The leading takeover candidate is aspiring Hollywood empire-builder David Ellison,

Paramount Skydance reportedly doesn't intend to pick apart Warner Bros. Discovery if they're able to acquire their competitor.

Paramount Skydance, led by CEO David Ellison, plans to retain much of Warner Bros Discoverys core operations if the two media giants merge, Bloomberg News reported on Monday. According to the report,

The industry is rooting for him to revive Paramount. His pursuit of Warner Bros. Discovery has some worried.

Paramount reportedly offered to make David Zaslav its co-CEO and co-chairman alongside David Ellison in a bid to clinch Warner Bros Discovery amid a flurry of takeover bids made between mid-September and mid-October.