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Warner Bros. Discovery Stock Surges on $50 Billion Paramount Skydance Takeover Rumors
Warner Bros. Discovery Stock Surges on $50 Billion Paramount Skydance Takeover Rumors
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BTCCSquare news:
Warner Bros. Discovery shares soared 28% to $16.15 on Thursday—their largest single-day gain in history—after reports surfaced of a potential $50 billion all-cash acquisition by newly formed Paramount Skydance (PSKY). The bid, expected to materialize as early as next week, comes amid WBD's planned separation of studio/streaming assets from its cable networks by April 2025.
Friday saw another 16% climb to $18.87 as CEO David Zaslav reportedly engaged bankers to field competing offers from tech giants including Amazon, Apple, and Netflix. Market participants interpret the moves as a strategic auction play, with any buyer required to absorb WBD's entire structure until the split concludes.
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