Yahoo Finance·2025-12-08 04:11Core Viewpoint - Paramount Skydance Corp. (NASDAQ:PSKY) experienced a significant decline in share prices, dropping 16.5% week-on-week due to its loss in a bidding war against Netflix for Warner Bros Discovery Inc. [1][2] Group 1: Company Performance - Paramount Skydance Corp. saw its share prices fall by 16.5% as investors reacted negatively to the news of Netflix's acquisition of Warner Bros Discovery Inc. [1][2] - The equity value of the Warner Bros Discovery acquisition by Netflix is set at $72 billion, with a total enterprise value of $82.7 billion [2]. Group 2: Industry Context - Netflix's acquisition includes WBD's film studio and streaming service, HBO Max, while WBD plans to proceed with the spinoff of Discovery Global, which operates TNT and CNN [2]. - The transaction is expected to close after the separation of Discovery Global into a new publicly-traded company, anticipated to be completed in the third quarter of 2026 [2]. Group 3: Strategic Moves - David Ellison, the chief of Paramount Skydance Corp., engaged with White House officials to lobby against the merger agreement between WBD and Netflix, citing potential risks to WBD shareholders [1][2]. - Paramount Skydance has expressed concerns that Netflix's acquisition poses unacceptable risks, indicating a strategic positioning against the merger [2].