Warner Bros and Paramount Shares Jump on Merger Talks
Shares of Warner Bros Discovery and Paramount Skydance rose after reports of advanced settlement talks with California. The agreement could clear a major hurdle for their merger by offering local investments and production pledges.
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Warner Bros Discovery Inc. and Paramount Skydance Corp. Class B shares jumped during Monday morning trading after settlement talks advanced. The $110 billion merger is moving closer to resolving regulatory roadblocks in the United States.
