Why Paramount Skydance Stock Crushed it Today
The Motley Fool·2025-12-08 23:06
The company is the second entertainment titan to make a bid for a highly sought-after Hollywood asset.On Monday, it was Paramount Skydance's (PSKY +9.02%) turn to play a role in a major Hollywood takeover saga. Investors cheered this, rewarding the company with a 9% boost in its stock price that day.A $108 billion playThat morning, Paramount Skydance announced it had submitted a bid to acquire fellow entertainment company Warner Bros Discovery. The all-cash offer boils down to $30 per Warner Bros discovery ...