Paramount Settlement Sends WBD Stock Sharply Higher

TLDR WBD stock surged more than 10% after a major legal hurdle surrounding the Paramount Skydance merger eased. Paramount reached an antitrust settlement with California and other states that had challenged the takeover. The agreement reduces the risk of prolonged litigation and raises confidence that the merger can move closer to completion. Paramount accepted production, [...]

The post Paramount Settlement Sends WBD Stock Sharply Higher appeared first on Blockonomi.