Paramount, Warner Bros gain after merger settlement talks advance: WSJ
Shares of Paramount Skydance and Warner Bros Discovery rose after the Wall Street Journal reported that Paramount Skydance is in advanced settlement talks with California's AG to clear their proposed merger. Concessions under discussion include a $1.5 billion investment in production in California and a commitment not to sell either studio lot. Other measures being considered include selling some cable channels and creating a board to help ensure CNN's editorial independence, the report added.
Shares of Paramount Skydance and Warner Bros Discovery rose after the Wall Street Journal reported that PSKY was in advanced settlement talks with California's AG over their proposed merger. 1% to $30 in premarket trading. 5 bln investment in production in California and a pledge not to sell either studio lot. Other measures being considered include selling some cable channels and creating a board to help ensure CNN's editorial independence, the report added.
5%.