Calling this latest massive Hollywood merger a disaster "for writers, for consumers, and for competition," the writers' unions pledged to work with regulators to thwart it.

The Paramount Skydance CEO is “undeterred” after WBD rebuffed his first three offers, sources say, and Ellison’s allies are privately arguing he’s the only buyer who’d pass muster with Trump administration regulators.

The Writers Guild of America, which represents screenwriters and newsroom staffers, said it will oppose a deal combining Paramount Skydance and Warner Bros Discovery , Bloomberg News reported on Thursday,

Three of the rumored potential buyers for entertainment titan Warner Bros. Discovery are tech companies. Netflix, Amazon, and Apple are all interested in buying Warner Bros. Discovery as a whole or acquiring pieces of the company, like its content libraries and production assets, according to Bloomberg.

Warner Bros. Discovery has launched a formal auction of the media giant, with bankers at JPMorgan and Allen & Co. combing through expressions of interest from multiple suitors – including one

Warner Bros. Discovery now has a market cap of $51 billion, but it carries a massive debt burden from AT&T 's acquisition of Time Warner, so its enterprise value, which includes debt, is $85 billion, which is effectively the cost of buying the company at the current stock price.