Paramount Skydance Keeps Pressure on WBD as Stock Edges Down
TL;DR Summary
Paramount Skydance presses its bid to buy Warner Bros. Discovery, arguing competition would remain robust, while WBD shares dip modestly on the ongoing deal saga. Analysts still show a Moderate Buy consensus on WBD with an average price target around $25.80, implying limited upside from current levels amid regulatory scrutiny and competitive concerns surrounding Netflix.
- Warner Bros. Discovery Stock (NASDAQ:WBD) Slips, Paramount Not Giving Up Yet TipRanks
- Paramount CEO David Ellison Takes Dig At “Monopolistic” Netflix In Open Letter To UK Creatives About Warner Deal Deadline
- David Ellison Warns of “Monopolistic” Netflix in Open Letter to U.K. Creatives The Hollywood Reporter
- Ellison Tells EU Regulators He’s Committed to Films in Theaters bloomberg.com
- Paramount’s David Ellison Vows Anti-Monopoly Approach in Warner Bros. Discovery Bid, Pledges 30 Films Annually in Open Letter to Creative Community Variety
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