Warner Bros. Discovery Move on Watch for Monday as Market Eyes Next Step

Paramount Skydance Deal Faces Heat, Warner Bros. Discovery Drops Again Warner Bros. Discovery shares edged lower before the new week, with the Paramount Skydance takeover move facing new hurdles as Hollywood labor groups protested the $110 billion tie-up and states moved toward an antitrust suit. The Nasdaq-listed WBD stock finished Friday at $26.24 after dropping 2.81%, then eased to $26.13 in lighter after-hours action.

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Paramount-Warner Bros Deal Faces New California Antitrust Test as Lawmakers Push Bonta

Paramount’s $111 Billion Warner Bros Deal Faces A New California Threat

Paramount Skydance’s proposed $111 billion buyout of Warner Bros. Discovery is facing fresh scrutiny after California Democrats in Congress and press-freedom advocates pushed back, injecting uncertainty around a deal both firms are hoping to finalize by late September. Now, there’s a real possibility that state officials, shareholders, or the FCC might throw up hurdles.
Paramount-Warner Bros Deal Faces New California Antitrust Test as Lawmakers Push Bonta

Paramount-Warner Bros Deal Faces New California Antitrust Test as Lawmakers Push Bonta

Thirty-four Democratic members of Congress from California are pressing state Attorney General Rob Bonta to give Paramount Skydance’s proposed takeover of Warner Bros. Discovery a hard look, flagging possible antitrust issues. In their letter, they’re asking Bonta to step in if he finds the deal could hurt competition—a key standard for regulators looking to stop mergers. Their push adds political firepower to a state review that’s shaping up as a significant hurdle for the $111 billion Hollywood tie-up.
Warner Bros. Discovery Shareholders Are Hours From Paramount Vote That Could Redraw Hollywood

Warner Bros. Discovery Shareholders Are Hours From Paramount Vote That Could Redraw Hollywood

Shareholders at Warner Bros. Discovery have until 11:59 p.m. EDT Wednesday to submit their proxies on Paramount Skydance’s $110 billion offer, with any missed votes automatically counting as opposition. Next up: a special meeting set for 10 a.m. Thursday. If investors approve the $31-a-share cash sale—championed by the board and outside advisers—regulatory clearance becomes the final hurdle.
California antitrust probe throws fresh doubt on Paramount’s $110 billion Warner Bros Discovery deal

California antitrust probe throws fresh doubt on Paramount’s $110 billion Warner Bros Discovery deal

California Attorney General Rob Bonta says his office is actively investigating Paramount Skydance’s proposed takeover of Warner Bros. Discovery, cautioning the planned merger remains far from settled and pledging a “vigorous” review. The Guardian cited Alvaro Bedoya, ex-Federal Trade Commission commissioner, who believes state attorneys general “have a shot at stopping it.” Bill Baer, who once led antitrust at the Justice Department, described a possible multi-state lawsuit as a “real threat.”
Warner Bros Discovery stock in focus before the bell as Netflix’s Sarandos puts $27.75 cap on bid

Warner Bros Discovery stock in focus before the bell as Netflix’s Sarandos puts $27.75 cap on bid

Warner Bros. Discovery shares open Monday in the shadow of remarks from Netflix co-CEO Ted Sarandos, who told Bloomberg he pulled back on the deal, unwilling to go above $27.75 a share for the assets in play. “I still believe in all the positives. I just believed in them up to $27.75 a share,” Sarandos said, per Business Insider. WBD closed Friday at $28.17, marking a 0.6% gain from the previous session.