Paramount Pictures made a bid to acquire Ray Dance, Warner Bros. explored a pre-market continuation surge of over 4.7%

Warner Brothers Exploration Company's pre-market trading continued to rise by over 4.7%, reaching $16.94. The stock surged nearly 29% on Thursday. According to The Wall Street Journal, Paramount Skydance, which completed a merger deal last month, is preparing to make a cash-based majority stock acquisition proposal to Warner Brothers Exploration, with the offer targeting the entire company. The latter announced at the end of last year that it planned to reorganize into two separate businesses, one focusing on cable TV networks and the other on streaming and film studio operations.