BofA reiterates an Underperform rating on Paramount stock after the company’s deal to acquire Warner Bros. Discovery.
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Wells Fargo analyst Steven Cahall resumed coverage of the stock with an Equal Weight rating and $105 price target.
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The conflict in the Middle East has turned the market on its head, with investors piling back into beaten-down software stocks.
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Shares in Broadcom rise after the chip maker beats Wall Street’s earnings targets for its fiscal first quarter.
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The ad technology company’s shares are among the worst-performing in the S&P 500 over the past year.
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The ticketing marketplace faces regulatory and political pressure.
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Some RAD investors had told Barron’s that they lost their life savings investing in the real-estate firm.
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Pinterest says it will use the proceeds from the activist’s investment to repurchase shares of its common stock.
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Ziff Davis agrees to sell its connectivity business to Accenture for $1.2 billion in cash.
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Oil supply under threat as conflict widens, chaos spreads through travel, shipping, jobs report due on Friday, and more news to start your day.
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‘While consolidation has a tendency to increase pricing, it decreases churn,’ said Alex Holtz, research director of IDC.
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It was another dose of good news for Paramount Skydance, which on Friday announced a deal to acquire Warner Bros. Discovery after a bidding war with Netflix.
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Paramount is taking on a lot of debt to buy Warner Bros. Discovery, faces a difficult approval process, and will have a tough time absorbing the media giant.
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Warner Discovery was always a must-have for Paramount, so this is a great outcome for shareholders.
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Netflix said it was a disciplined buyer and at the required price to win the bidding contest, buying Warner Bros. was no longer attractive.
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Netflix drops out of the bidding war for Warner Bros., leaving Paramount Skydance victorious in its quest for the Hollywood company.
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Nvidia suffers worst day in almost a year, China gets relief from Trump’s tariffs, Netflix calls it quits on Warner Bros. bidding war, and more news to start your day.
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Warner Bros. Discovery’s board deemed the latest offer from Paramount Skydance to be superior.
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Nvidia tumbles after the chip maker’s fourth-quarter earnings fail to assuage investors’ concerns over artificial-intelligence disruption.
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Netflix’s bidding war with Paramount could come down to what investors think Warner’s cable assets are worth.
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Trade Desk stock falls after reporting discouraging sales growth forecasts.
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Salesforce’s outlook underwhelms, Paramount’s Ellison sees Warner Bros. as growth ‘accelerant,’ tax experts skeptical Trump’s tariffs can replace income taxes, and more news to start your day.
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The media company raised its bid for Warner Bros. Discovery by a dollar a share, challenging Netflix to raise its own offer.
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Paramount Skydance boosted its offer for Warner Bros. Discovery to $31 per share, including a $2.8 billion breakup fee to Netflix.
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