06:41 AM EDT, 10/13/2025 (MT Newswires) -- Warner Bros. Discovery ( WBD ) has rejected Paramount Skydance's ( PSKY ) initial roughly $20 per share takeover offer, Bloomberg reported over the weekend, citing unnamed people familiar with the matter.

Paramount Skydance ( PSKY ) Chief Executive David Ellison is now exploring several options in its chase of Warner Bros., including raising its offer price, going directly to stockholders or finding additional support through a financial partner, the report said, citing the people.

In late September, Paramount reached out to Warner Bros. regarding a potential majority-cash offer, mostly backed by the Ellison family, The Wall Street Journal reported Sunday, citing unnamed people with knowledge of the matter.

Ellison is now planning to reach out directly to Warner Bros. shareholders about his bid, the WSJ said, citing the people.

Neither Warner Bros. nor Paramount Skydance ( PSKY ) immediately responded to MT Newswires' requests for comment.

Warner Bros. shares were up 3.6% in recent Monday premarket activity, while Paramount Skydance ( PSKY ) was up 1.2%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)