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The $80 Billion Debt Cloud Hanging Over David Ellison’s Warner Deal
The Wall Street Journal34d agoneutral
The $80 Billion Debt Cloud Hanging Over David Ellison’s Warner Deal

When Paramount Chief Executive David Ellison unveiled his company’s $81 billion deal for Warner Bros. Discovery he touted a new golden era for Hollywood—one built on scale, technology and a promise to release at least 30 theatrical movies a year. The combined company is set to emerge with nearly $80 billion in debt—a burden that could weigh on decisions ranging from content spending and streaming investments to news operations and sports rights. Its net debt is projected to equal roughly 6.5 times annual earnings before interest, taxes, depreciation and amortization after the deal closes as soon as this month, a level that analysts consider high for a media company.

Paramount’s Warner deal has a new $650 million problem
TheStreet37d agoneutral
Paramount’s Warner deal has a new $650 million problem

Paramount Skydance (PSKY) could be encountering a further hurdle in its $110 billion chase of Warner Bros. Discovery (WBD). Britain does not necessarily want to block the accord. The greater danger may be that Britain recognizes the cost of delay. The U.K. government is reviewing whether it should ...

Here Are Monday’s Best Wall Street Analyst Research Calls: Adobe, Applovin, Casey’s General Stores, CrowdStrike, Honeywell Aerospace, Salesforce, Synaptics, Terawulf, and More
24/7 Wall St.43d agoneutral
Here Are Monday’s Best Wall Street Analyst Research Calls: Adobe, Applovin, Casey’s General Stores, CrowdStrike, Honeywell Aerospace, Salesforce, Synaptics, Terawulf, and More

Pre-Market Stock Futures: Futures are trading higher as we get ready to start a holiday-shortened trading week, with the Federal 4th of July holiday scheduled for Friday, before we celebrate the 250th anniversary of the country on Saturday. Futures are higher after reports that the U.S. and Iran have agreed to halt hostilities, which we ... Here Are Monday’s Best Wall Street Analyst Research Calls: Adobe, Applovin, Casey’s General Stores, CrowdStrike, Honeywell Aerospace, Salesforce, Synaptics,

What’s News: Business & Finance
The Wall Street Journal56d agoneutral
What’s News: Business & Finance

WHATS NEWS BUSINESS FINANCE Oil prices fell, bonds rallied and the Dow industrials closed at a record 51671.03 after Trump announced a deal to end the war with Iran and reopen the Strait of Hormuz. The Justice Department’s senior leadership closed an investigation of Paramount Skydance’s bid for Warner Bros.

Associated Press60d agoneutral
Paramount Skydance merger with Warner Bros. Discovery won't harm competition, consumers, DOJ says

An investigation by the U.S. Justice Department into Paramount Skydance’s proposed acquisition of Warner Bros. Discovery has determined that the mammoth Hollywood media merger is not likely to harm competition in the industry or be harmful for consumers. The agency said Friday that it closed its probe into the deal, with regulators at its antitrust division concluding that the impact of the merger “will be to increase competition across the media and entertainment ecosystem, with benefits for American consumers and workers.” David Ellison’s Paramount Skydance reached a deal to acquire Warner Bros. Discovery in late February.

Justice Department Clears Paramount-Warner Bros. Discovery Deal
The Wall Street Journal60d agoneutral
Justice Department Clears Paramount-Warner Bros. Discovery Deal

The Justice Department has cleared Paramount $81 billion purchase of Warner Bros. Discovery removing one hurdle for the entertainment companies’ megadeal. The department’s antitrust division said Friday that the merger would likely improve competition “across the media and entertainment ecosystem, with benefits for American consumers and workers.” The combination of Paramount and Warner stands to reshape the entertainment industry by putting two legacy movie and TV studios, as well as multiple news outlets, streaming platforms and cable networks under one roof.

Investing.com60d agoneutral
DOJ clears Paramount Skydance’s $110 billion Warner Bros. deal - report

The unconditional clearance removes the primary federal regulatory hurdle standing between the two media giants and what would be one of the largest media combinations in history. Politico's report was corroborated by Newsmax and Quiver Quantitative, each also citing people familiar with the matter, though an official DOJ press release had not been published as of this writing.

Bloomberg60d agoneutral
Paramount’s Deal for Warner Bros. Is Cleared by US DOJ

(Bloomberg) -- The US Justice Department has closed its antitrust probe into Paramount Skydance Corp.’s $110 billion purchase of Warner Bros. Discovery Inc., according to people familiar with the decision.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekXbox Plans Significant Layoffs as New CEO Plans OverhaulSpaceX Shares Close 19% Higher After Historic $75 Billion IPOTrump Insists Iran Deal Is Close