After Netflix won the bidding war and Paramount pushed forward with a hostile bid, a new possibility is emerging for the fate of Warner Bros. Discovery (WBD). The Information reports a possible compromise between Netflix and Paramount, where Netflix would acquire WBD’s studio assets and Paramount would be in charge of its HBO Max streaming service and cable networks. Netflix remains the frontrunner without any conclusive regulatory action preventing the acquisition, but Paramount remains the best option for advertisers.

Omnicom officially owns IPG after completing its long-discussed acquisition last week—and the new company is already implementing a massive wave of changes. Advertisers should prepare for an agency landscape where AI-driven capabilities become the norm and where consolidated services become a competitive differentiator.

Netflix, Comcast, and Paramount have all submitted acquisition bids for some or all of Warner Bros. Discovery (WBD), sources told Deadline, starting a bidding war that would fundamentally reshape the media landscape. Regardless of the outcome, a restructuring of WBD will impact marketers by unlocking the ability to increase audience reach, run integrated campaigns across premium properties, and simplify media buying.

Warner Bros. Discovery (WBD) is publicly considering a sale after receiving acquisition interest from several buyers, the company announced Tuesday. WBD’s change in attitude could have significant implications for marketers by increasing audience reach and unlocking diversified ad inventory across popular IPs.

Warner Bros. Discovery (WBD) reportedly rejected a proposed acquisition from Paramount Skydance, claiming that its offer of $20 per share was “too low,” per Bloomberg reporting. WBD’s rejection signals that some legacy media players see more value in restructuring themselves than in merging on the cheap.

Fifth Third announced that it would acquire Comerica, merging two large regional banks in a deal worth $10.9 billion. The combined bank will have about $288 billion in assets. That knocks BMO, which hold $253.7 billion in assets, including the $16.3 billion added through its Bank of the West acquisition in 2023, out of the top 10. The FDIC recently rolled back scrutiny of large-bank deals, and President Donald Trump signed a resolution repealing a Biden-era rule that tightened merger reviews. The door is now more open to mergers between large regional banks, and a new wave of consolidation could be coming.

On today’s podcast episode, we discuss more ‘very specific, but highly unlikely’ predictions for the end of 2025 and start of 2026. If a major US news organization like CNN or CNBC will soon get acquired by a billionaire, why Pepsi could split into separate snack and beverage businesses, and the road to full funnel, hyper relevant connected car ads. Join Senior Director of Podcasts and host, Marcus Johnson, Senior Director of Forecasting, Oscar Orozco, and Vice Presidents of Content, Suzy Davidkhanian and Paul Verna. Listen everywhere and watch on YouTube and Spotify.

The news: Private equity firm Novacap will buy digital advertising measurement and analytics firm Integral Ad Science (IAS) for $1.9 billion, the companies announced Wednesday. The deal will take IAS private after four years of public trading and is expected to close this year. Our take: Measurement fragmentation and transparency concerns with leading ad firms like Google means third-party measurement and attribution companies have a lucrative opportunity to provide much-needed standards.

The news: Affirm will be available as a payment option for in-store shoppers on Stripe Terminal for US and Canadian merchants, per a press release. Our take: Snagging a Stripe Terminal integration is a big win for Affirm. This can help expand its lead in the US, where it holds $35.69 billion in payment value—a $4 billion dollar lead over Klarna.

The news: Apple CEO Tim Cook confirmed plans to “significantly” increase AI investments, including acquisitions. The iPhone-maker acquired seven firms this year, some focused on AI, and remains open to deals of any size to boost capabilities, per Business Insider. Our take: Apple’s focus on efficiency and partnerships suggests incremental but impactful AI-driven tools will emerge, especially around privacy-first and device-dependent personalization. Prepare for evolving Apple AI features that emphasize user privacy. Balance campaigns between Apple’s controlled environment and more open, AI-reliant ecosystems like Google’s and Meta’s to optimize reach and precision.

The news: We’ve recently covered a fintech, a stablecoin issuer, an auto manufacturer, foreign banks, and credit unions that are considering, applying for, or in the process of acquiring US banking licenses. Some have already succeeded, inspiring others to follow suit. And according to the Office of the Comptroller of the Currency, banking charter applications have increased 70% since 2024. Our take: We predict traditional banks will push for regulatory changes that prevent the steady inflow of new banks that haven’t had to follow the more stringent requirements of the past. Banks’ long-standing customer relationships will be a central pillar of their defense strategy. Banks must increasingly leverage their established trust, extensive branch networks, and comprehensive product suites to highlight their stability and one-stop-shop convenience compared to specialized fintechs or more limited new entrants.

The news: Credit card delinquencies have sunk to their lowest levels in two years, within striking distance of pre-pandemic levels, per data from VantageScore’s Credit Gauge. Our take: Fewer issuers are tightening their credit card lending standards, but those looking to gain sign ups face troubled waters—consumer demand for credit cards fell in April by the most since the early days of the pandemic, per the Federal Reserve’s Senior Loan Officer Survey.

Meta defends past acquisitions in FTC trial: The case could force Instagram and WhatsApp divestitures, disrupting ad buying and reshaping tech merger norms.

FCC targets DEI in mergers: New Chairman Brendan Carr warns companies to scale back DEI policies or face blocked acquisitions.

Retailers redefine themselves through M&A: Capri, Tapestry streamline their portfolios, while Wrangler owner Kontoor Brands adds Helly Hanson to strengthen outdoor and workwear segments.

Horizon Media is hunting for acquisitions: The US agency is targeting companies in the influencer marketing and retail media sectors.

Vodafone and Three’s £15 billion merger forms the UK’s largest mobile operator, reflecting a telecom consolidation trend and potential regulatory leniency on major M&As.

An ad tech M&A spree hints at advertising’s future: A resilient market and dramatic changes create openings for new blood.

Recent acquisitions and service launches will help it maintain momentum