Shares of two entertainment giants pushed higher for a second straight day as investors weighed the possibility of a takeover bid, while vaccine makers came under pressure following a report that health officials from the Trump administration seek to link COVID-19 vaccines with child deaths.
The dust has barely settled on the Paramount Skydance merger but the newly merged media company reportedly has another merger in its sights. The David Ellison-led company reportedly wants to buy Warner Bros.
As the autumn TV schedules land, investors are bracing for a fresh season of dealmaking in global media. And it looks like 'episode one' is about to air.
The bid will be for the entire company, including its cable networks and movie studio, the report said, citing people familiar with the situation.
Warner Bros. Discovery stock is up 20% after report Paramount Skydance is preparing a takeover bid
The bid will be for the entire company, including its cable networks and movie studio, according to people familiar with the situation.
Paramount said on Wednesday that Meta executive Dane Glasgow will join the media company as its chief product officer.
Media moguls and frequent business collaborators John Malone and Barry Diller spent part of Thursday's panel session at the Paley Center for Media recalling the one that got away: Paramount Pictures. During a luncheon session that also featured Warner Bros.
David Ellison, CEO and chairman of Paramount, told employees Thursday that they will be expected to work in the office five days a week starting January 5, 2026. Employees who do not wish to make the transition can seek a buyout.
The media company, which aims to cut more than $2 billion in costs, is offering severance for those who don't want to return full-time.
Federal Communications Commission Chairman Brendan Carr defended the agency's review approving Skydance Media's acquisition of Paramount Global as routine and in the public interest.
Does Paramount Group (PGRE) have what it takes to be a top stock pick for momentum investors? Let's find out.