 Now, Warner has not yet hired an investment bank to initiate any transactions, but its top management has reportedly been talking to advisors. Now, Warner reportedly considered earlier combinations with both Comcast, NBCUniversal, and Paramount. But as we know, yes, Paramount has since agreed to sell itself to Skydance Studio. But a breakup, experts are saying, is the strongest option. But there's also a risk along with that as well.