The Wall Street Journal first reported that Paramount was preparing a cash bid for all of Warner Bros. Discovery. Cheng Xin / Getty Images Close Warner Bros. Discovery shares closed 29% higher yesterday following the initial report, and were up a further 10% soon after the opening bell. Paramount Skydance shares advanced more than 3% Friday morning. Both are significantly higher this year. In June, Warner Bros. Discovery announced it intended to split into two companies, one made up of its studios and HBO M ...