Paramount Skydance has yet to formally approach Warner Bros. Discovery with a hotly anticipated buyout offer – worried that it could be used by the latter’s wily CEO David Zaslav to shop the company to any number of potential suitors , On The Money has learned.

It’s been nearly two weeks since news first broke that Paramount Skydance CEO David Ellison, backed by the deep pockets of his father, Oracle co-founder Larry Ellison, intended to make an all-cash offer for Warner Bros. Discovery .

The buyout bid – which would kick off talks for a merger that insiders say could be worth more than $50 billion – was seen as imminent. And the Ellisons certainly have the money, with the old man now ranking as the world’s second richest with a net worth of $370 billion . 4

The bid also was

See Full Page