Warner Bros Discovery Shares Surge as Paramount Skydance Reportedly Prepares Acquisition of Entire Company
Deep News
Sep 12
Warner Bros Discovery shares surged as much as 24% following media reports that Paramount Skydance is preparing to launch an acquisition bid for the company, with the proposed offer expected to be primarily cash-based. Following the report's publication, Paramount Skydance shares also rose.
Paramount Skydance stock jumped as much as 9.9%.
Sources familiar with the matter indicated that the acquisition would target the entire company, including its cable television networks and film production operations.
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