WBD rises as Paramount-Skydance Warner deal nears conclusion
Paramount Skydance is edging closer to its planned $110 billion merger with Warner Bros. Discovery after reaching a compromise with 12 U.S. states and the Writers Guild of America, clearing a major legal hurdle and allowing the firms to move toward concluding the deal.
Paramount Skydance (PSKY, Financials) is edging closer to the conclusion of its planned $110 billion merger with Warner Bros. S. states and the Writers Guild of America. The agreement removes a major legal obstacle and allows the companies to move closer to completing the transaction.