Paramount Skydance (NasdaqGS:PSKY) is reported to be pursuing a proposed acquisition of Warner Bros. Discovery that is being described as transformative for global media. The potential deal is linked to plans for sizeable backing from global sovereign funds and a reworked content and technology roadmap, including expanded use of AI. Regulators and policymakers are expected to review the transaction closely, with particular attention on competition issues and foreign ownership...