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Paramount Is Today’s Worst S&P 500 Stock on a Warning Against Mega-Merger
Barrons.com2d agoneutral
Paramount Is Today’s Worst S&P 500 Stock on a Warning Against Mega-Merger

Paramount Skydance and Warner Bros. Discovery long-awaited merger has been at a standstill. Barclays analysts led by Kannan Venkateshwar resumed coverage of both stocks, rating Warner Bros at Equal Weight with a $28 price target and Paramount at Underweight with a $8 price target. Venkateshwar said in a research note Thursday that while the proposed $110 billion merger could increase growth potential for the studios, it could introduce massive financial and operational risks that make the stock hard to value, and “a moving target.”

Warner Bros. Stock Hits Lowest Price Since Paramount Deal: Merger Odds Around 50%
Barrons.com53d agoneutral
Warner Bros. Stock Hits Lowest Price Since Paramount Deal: Merger Odds Around 50%

Warner Bros. Discovery stock Monday hit its lowest point since the company’s merger with Paramount Skydance was reached in February as Wall Street appears to be putting little more than a 50% chance that the deal will get done. Warner Bros. stock dropped 1.8% Monday to $25.28, ending about 18% below the $31-a-share cash offer from Paramount, whose stock also declined Monday. Warner Bros. stock had been trading around $27 in June.

Comcast's NBCUniversal spinoff just transformed streaming wars
TheStreet81d agoneutral
Comcast's NBCUniversal spinoff just transformed streaming wars

Nobody saw this coming. Not Wall Street. Not Hollywood. And almost certainly not Netflix or Disney. On June 29, Comcast announced it would spin off NBCUniversal and Sky into a separate, publicly traded company through a tax-free transaction. After more than 15 years as a single company, the cable ...

Disney Puts Rumors to Rest: TV Network Spinoff Is Off the Table
The Wall Street Journal136d agoneutral
Disney Puts Rumors to Rest: TV Network Spinoff Is Off the Table

Disney shot down persistent questions about whether it will sell or spin off some of its linear television networks, as NBCUniversal has done and Warner Bros. Discovery was planning to do before agreeing to be acquired by Paramount Skydance.