Paramount Skydance (PSKY) Stock Tumbles as Netflix Wins Warner Bros. Deal – Latest News, Forecasts and Analysis (Dec. 5, 2025)
Paramount Skydance Corporation’s Class B shares (NASDAQ: PSKY) were hit hard on Friday, December 5, 2025, sliding almost 10% as investors digested confirmation that Netflix – not Paramount Skydance – will acquire Warner Bros. Discovery’s studio and streaming assets in a mega‑deal valued at roughly $72–83 billion, depending on how debt is counted. Reuters+1 As of late Friday trading, PSKY was changing hands around $13.37, down about 9.8% on the day, with intraday volume above 27 million shares – several times normal levels. The stock now trades near the middle of its 52‑week range of roughly $9.95 to $20.86, leaving