Paramount completes $81bn takeover of Warner Bros Discovery
Skydance-owned Paramount has completed its $81bn (£61bn) takeover of Warner Bros Discovery - bringing together the two media giants under a combined company.
PGRE - Paramount Group, Inc.
Price:
--
--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$8.47
DETAILS
HIGH:
$12.00
LOW:
$6.60
MEDIAN:
$7.80
CONSENSUS:
$8.47
UPSIDE:
28.33%
Stock News
Paramount officially merges with Warner Bros. Here's how we got here
It's official: Skydance-owned Paramount has closed its $81 billion takeover of Warner Bros. Discovery.
Paramount Completes Acquisition of Warner Bros. Discovery.
Skydance now owns some of the top television networks, streaming platforms, franchises, and film studios in the world. However, many questions remain, such as how different content platforms will be integrated.
Paramount completes $111bn acquisition of Warner Bros to form new media empire Skydance
David Ellison and ex-Mattel CEO Ynon Kreiz to oversee both film studios, HBO Max, CNN and CBS News as co-executives
Paramount closes $110 billion Warner Bros Discovery deal, creating Skydance
Paramount Skydance Corp (NASDAQ:PSKY) is closing its $110 billion acquisition of Warner Bros Discovery Inc (NASDAQ:WBD, XETRA:J5A) on Tuesday, creating Skydance and reducing Hollywood's major movie studios from five to four. David Ellison, Paramount Skydance's chief executive, will lead the new company as co-chief executive alongside Ynon Kreiz, the former Mattel chief executive who will oversee day-to-day operations and integration.
Paramount closes historic Warner Bros. merger to form Skydance
Paramount announced on Tuesday that it has completed its $110 billion acquisition of Warner Bros. Discovery to create a combined company called Skydance.
Read David Ellison's memo to employees after Paramount's WBD deal closed
Skydance CEO David Ellison sent employees a memo after closing Paramount's WBD deal. "We did it!
The $110 Billion Paramount-Warner Merger Closes Today. What Shareholders Need to Know
One group of shareholders walks away with cash at closing. The other inherits a renamed company on a new exchange carrying roughly $80 billion in debt, and the settlement terms make the usual escape routes unavailable.
David Ellison's $81B merger of Paramount and Warner Bros. Discovery officially completed
David Ellison's $81 billion merger of Paramount and Warner Bros. Discovery officially closed Tuesday more than seven months after his winning bid, creating a new media behemoth known as Skydance.
Skydancing At Last: $110B Merger Of Paramount And Warner Bros. Discovery Officially Closes
The long-gestating merger of Paramount and Warner Bros. Discovery has closed, yielding a new major player in media. Shares in the new company, Skydance, will start trading Tuesday on the New York Stock Exchange.
Paramount-WBD merger, Musk's return to trillionaire, AI researchers' warning and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
Paramount wraps up mega Warner Bros merger to create Hollywood powerhouse Skydance
Paramount Skydance on Tuesday completed its blockbuster $110 billion takeover of Warner Bros Discovery , creating a Hollywood heavyweight called Skydance and handing CEO David Ellison control of one of the world's largest entertainment companies.
Paramount's hard-fought takeover of Warner Bros. Discovery closes Tuesday.
Paramount's $110 billion acquisition of Warner Bros. Discovery closes Tuesday.
Paramount Names Leadership Team for Combined Entity Post $81 Billion Warner Deal
David Ellison, CEO of Paramount, will be chairman and chief executive of the combined company-dubbed Skydance-alongside co-CEO Ynon Kreiz.
Paramount's $52 Billion Debt Sale Shows How Higher Rates Are Biting Corporate America
The media company paid through the nose for its record-setting bond deal. Other corporate issuers will too.
Paramount Gold Nevada Nears Key Grassy Mountain Permit Milestone
Paramount Gold Nevada NYSEAMERICAN: PZG said it expects to receive final state permits for its Grassy Mountain gold project in Oregon before the end of the calendar year, a milestone that the company said would support the development of what could become Oregon's first permitted mine under the state's modern permitting framework.
Bari Weiss' fate up in the air as Paramount prepares to close Warner Bros merger: sources
Paramount Skydance CEO David Ellison is mulling changing Bari Weiss' role as CBS News editor-in-chief as his company is set to finalize its merger with Warner Bros. Discovery next week, The Post has learned.
Paramount and Warner Bros. Discovery to Merge Into Skydance (SKYD).
In a post on X, David Ellison laid out his thinking behind the company's new name, Skydance. Skydance is facing a number of headwinds, including a large debt burden and resistance from Hollywood.
Paramount Shareholders to Get Stock Warrants in Huge Financing Deal for Warner Acquisition
The megamerger is expected to close on Tuesday.
Paramount and Warner Bros Discovery to become Skydance
Paramount and Warner Bros. Discovery will operate as Skydance once their merger closes, Paramount CEO David Ellison announced Friday.
Price Targets
Paramount Skydance (PSKY) PT Raised to $12 at Bernstein
$12.00
(was $6.56)
Laurent Yoon
·
Bernstein
Paramount Group upgraded to Equal Weight from Underweight at Morgan Stanley
$6.60
(was $6.53)
Morgan Stanley
Paramount Group upgraded to In Line from Underperform at Evercore ISI
$6.60
(was $6.53)
Steve Sakwa
·
Evercore ISI
Paramount Group upgraded to Equal Weight from Underweight at Wells Fargo
$6.60
(was $6.53)
Wells Fargo
Paramount Group price target lowered to $4 from $4.25 at Morgan Stanley
$4.00
(was $4.09)
Morgan Stanley
Paramount Group price target lowered to $4.50 from $4.70 at Morgan Stanley
$4.50
(was $4.60)
Ronald Kamdem
·
Morgan Stanley
Evercore ISI Upgrades Paramount Group (PGRE) to In Line, 'Underperformance Prices In Bad News'
$5.00
(was $4.65)
Steve Sakwa
·
Evercore ISI
Morgan Stanley Downgrades Paramount Group to Equal-Weight, Lowers Price Target to $6.5
$6.50
(was $6.37)
Morgan Stanley
Evercore ISI Group Maintains In-Line on Paramount Group, Lowers Price Target to $8
$8.00
(was $6.05)
Evercore ISI
Morgan Stanley Maintains Overweight on Paramount Group, Lowers Price Target to $8
$8.00
(was $7.16)
Morgan Stanley
Deutsche Bank Maintains Hold on Paramount Group, Lowers Price Target to $10
$10.00
(was $7.45)
Deutsche Bank
Morgan Stanley Maintains Overweight on Paramount Group, Lowers Price Target to $10
$10.00
(was $7.43)
Morgan Stanley
Mizuho Maintains Buy on Paramount Group, Lowers Price Target to $9
$9.00
(was $7.39)
Mizuho Securities
Wells Fargo Maintains Underweight on Paramount Group, Lowers Price Target to $6
$6.00
(was $7.28)
Wells Fargo
Paramount Group (PGRE) Stock: $11 Price Target And Inline Rating
$11.00
(was $10.23)
Steve Sakwa
·
Evercore ISI