Paramount Skydance (PSKY) stock price pops in premarket as Netflix steps aside on Warner Bros deal
Paramount Skydance shares jumped 9.5% to $12.24 in premarket trading Friday after Netflix declined to match its $31-per-share bid for Warner Bros Discovery. California’s attorney general said the deal faces an open investigation, and analysts warned of possible regulatory challenges. Paramount’s offer includes a $7 billion termination fee and a ticking fee if closing is delayed past September 2026.