Why Paramount Skydance Stock Crushed it Today
On Monday, it was Paramount Skydance's (NASDAQ: PSKY) turn to play a role in a major Hollywood takeover saga. Investors cheered this, rewarding the company with a 9% boost in its stock price that day.
That morning, Paramount Skydance announced it had submitted a bid to acquire fellow entertainment company Warner Bros Discovery. The all-cash offer boils down to $30 per Warner Bros discovery share, and it targets the entirety of the company rather than a large chunk of it.
Image source: Getty Images.
Source Fool.com
