Ex-Disney Strategist Mayer Sees Paramount Winning Warner Bros.

Kevin Mayer, former chief strategy officer at Walt Disney Co., predicted Paramount Skydance Corp. will raise its bid for Warner Bros. Discovery Inc. and ultimately win the high-profile takeover battle.

Warner Bros. agreed this month to sell its streaming and studio assets to Netflix Inc. Paramount, the film and TV company backed by the family of Oracle Corp. co-founder Larry Ellison and the investment firm RedBird Capital Partners, has made a $30-a-share hostile tender offer for all of Warner Bros. It expires Jan. 8.