Warner Bros. Saga And Alphabet (GOOG) Updates
Shares in Paramount Skydance fall after reports that the company's leadership is courting European regulators as part of its bid to acquire Warner Bros. Discovery. Paramount leadership met with French President Emmanuel Macron and European regulators in recent days, Bloomberg reports. Meanwhile, the company's chief executive, David Ellison, met with U.K. culture minister Lisa Nandy , according to Deadline. Any deal to buy Warner would require regulatory approval from the EU and the U.K. The reports come after a U.S. court yesterday rejected Paramount's attempt to make Warner disclose more information about its merger agreement with Netflix. Paramount shares fall 2.1% premarket, while Netflix gains 0.6%. Futures for Warner Bros. Discovery slip 0.25%.
In other news, Alphabet shares trended upwards past US$330+ as a new high in its 52-week chart as per below.
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