WSJ Says Market Doubts Skydance’s Balance-Sheet Math After WBD Takeover
Less than a month after Skydance closed its takeover of Warner Bros. Discovery, investors appear to believe the combined company’s numbers reflect an overpayment. The report says this does not necessarily mean near-term write-downs.
By Jonathan WeilLess than a month after Skydance closed its takeover of Warner Bros. Discovery, the market is already signaling it doesn't believe the combined company's numbers.In short, investors think Skydance overpaid. That doesn't mean the company will post big write-downs anytime soon, or pos…