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Warner Bros. CEO Zaslav Sells $59 Million in Stock as Paramount Skydance Merger Faces New Hurdles
Benzinga29d agobearish
Warner Bros. CEO Zaslav Sells $59 Million in Stock as Paramount Skydance Merger Faces New Hurdles

A merger between Paramount Skydance (NASDAQ:PSKY) and Warner Bros. Discovery (NASDAQ:WBD) is facing new hurdles. In the backdrop of new worries of the merger being approved, Warner Bros. Discovery CEO David Zaslav is cashing out shares. David Zaslav Sells WBD Shares Zaslav is selling shares of the company he leads for the second time this year, cashing in ahead of the highly anticipated merger of two media companies. Zaslav sold 2.18 million shares for $59.47 million, according to a report from

Paramount Skydance (PSKY) Faces 12 State Lawsuit Over Warner Bros. Discovery Merger
Simply Wall St.30d agobearish
Paramount Skydance (PSKY) Faces 12 State Lawsuit Over Warner Bros. Discovery Merger

California and 11 other states have filed an antitrust lawsuit seeking to block Paramount Skydance's planned merger with Warner Bros. Discovery. The coalition of state attorneys general argues the deal could reduce competition and harm theaters, television distributors, and audiences. The legal action introduces a new hurdle for NasdaqGS:PSKY in addition to prior regulatory reviews at the federal level. Paramount Skydance, traded as NasdaqGS:PSKY, sits at the center of a consolidating media...

US states sue to block Paramount's $110bn merger with Warner
Sky News30d agoneutral
US states sue to block Paramount's $110bn merger with Warner

Twelve US states have sued to block Paramount from acquiring Warner Bros. Discovery in a $110bn deal. The states argued cinemas and moviegoers could face higher prices if the merger goes ahead, as Paramount and Warner Bros. currently compete for the best release dates and screens at thousands of cinemas across the US. The lawsuit represents a significant obstacle for the deal, which is seen as one of the biggest media mergers in history.

MediaPost30d agoneutral
States Sue To Block Paramount-Warner Bros. Merger

The merger "would extinguish competition between Paramount and Warner Bros. and inflict substantial harm on movie theatres, basic cable distributors, and, ultimately, audiences nationwide," 12 state attorneys general allege in a complaint filed Monday.

Spencer Jakab | Media Deals’ Poor Record
The Wall Street Journal30d agoneutral
Spencer Jakab | Media Deals’ Poor Record

There’s a golden opportunity to play mogul via shares of Warner Bros. Discovery, which agreed to be bought for $81 billion by smaller Paramount Skydance, given the more than 16% upside to the closing price and the companies’ intention to close this quarter.

Media Deals: Great for Bankers, Usually Not for You
The Wall Street Journal31d agoneutral
Media Deals: Great for Bankers, Usually Not for You

​📈 Follow our live markets data and coverage. Only slightly less known is that you really shouldn’t invest alongside media deals. News organizations devote way less space to mergers, acquisitions or spinoffs involving toilet paper, paint or breakfast cereal.

Paramount Skydance (PSKY) Stock Looks Undervalued Following Fresh Merger Delay Risks
Simply Wall St.33d agoneutral
Paramount Skydance (PSKY) Stock Looks Undervalued Following Fresh Merger Delay Risks

Paramount Skydance stock is coming off a steep slide over the past five years, yet on Simply Wall St’s checks it still screens as attractively priced. This puts the recent drawdown and the current valuation signals in clear tension for investors trying to judge what is already reflected in the share price. Over the past 5 years, Paramount Skydance has fallen about 74%, which shows how much long term shareholders have already seen priced out of the stock. The proposed US$110b acquisition of...

Is Paramount Skydance (PSKY) Undervalued After The Warner Bros Discovery Deal Concerns?
Simply Wall St.33d agoneutral
Is Paramount Skydance (PSKY) Undervalued After The Warner Bros Discovery Deal Concerns?

Paramount Skydance (PSKY) shares have come under pressure after Arete Research downgraded the stock, citing concerns about the company’s planned $110b acquisition of Warner Bros. Discovery and the potential for a heavy debt load. See our latest analysis for Paramount Skydance. At a share price of $9.41, Paramount Skydance has seen its 7 day share price return fall 9.43% and its year to date share price return fall 28.60%, while the 1 year total shareholder return is down 24.97%. This points...