Paramount shares rise on WBD antitrust settlement talks report
Paramount Skydance (PSKY) rose 7.15% and Warner Bros. Discovery (WBD) rose 7.73% in premarket after Financial Times reported, citing people familiar with the matter, that Paramount is closing in on a settlement over the antitrust suit blocking its $111 billion WBD acquisition.
Story updates
12:21:12 PM UTC
SquawkNews
Warner Bros. Discovery (WBD) shares climbed about 8% after reports that the companies are discussing concessions aimed at resolving legal challenges tied to Paramount's proposed acquisition of Warner Bros. Discovery. The transaction faces opposition from California and 11 other states that have sue…
12:41:23 PM UTC
SquawkNews
Paramount Skydance (PSKY, Financials), a media and entertainment company, could face a significant financial obligation under reported settlement terms tied to its planned acquisition of Warner Bros. Discovery.
12:41:25 PM UTC
SquawkNews
Novo Nordisk's $23B Obesity Goal Isn't Enough to Stop the Selloff
15% and Warner Bros. 73% in premarket trading after the Financial Times reported, citing people familiar with the matter, that Paramount is closing in on a settlement over the antitrust suit that's blocked its $111 billion WBD acquis…