Key facts: Warner Bros. Discovery's stock surged from $12.54 to nearly $20 amid buyout speculation from Paramount Skydance, but was downgraded by KeyBanc due to overvaluation concerns.
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- Warner Bros. Discovery's stock surged from $12.54 to nearly $20 amid buyout speculation from Paramount Skydance, but was downgraded by KeyBanc due to overvaluation concerns.1
- Paramount Skydance has appointed Makan Delrahim, a former senior U.S. antitrust official, as its chief legal officer in preparation for a bid for Warner Bros. Discovery.2