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Paramount Skydance Denies $71B Warner Bros Discovery Bid Rumors
Paramount Skydance Denies $71B Warner Bros Discovery Bid Rumors
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BTCCSquare news:
Paramount Skydance Corporation (PSKY) flatly rejected a Variety report alleging it was assembling a sovereign wealth-backed consortium for a $71 billion takeover of Warner Bros Discovery. The denial came despite a 5.5% surge in WBD shares and a 2% lift for Paramount stock during the session, as traders positioned for potential media industry consolidation.
The disputed article claimed Middle Eastern funds WOULD contribute $21 billion alongside $50 billion from Paramount Skydance. Market moves underscored how quickly speculative capital flows into potential M&A targets, even as Warner Bros Discovery evaluates strategic options amid declining linear TV revenues.
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