Communications Services Down as Warner Saga Nears Conclusion - Communications Services Roundup

Communications-services companies ticked down as a deal saga approached its conclusion.

Paramount Skydance Chief Executive David Ellison published a letter urging Warner Bros.

Discovery shareholders to sell their shares to his company in order to disrupt the pending merger with Netflix, arguing his company's $30-per-share offer for the whole firm was superior to the $27.75-a-share for the streaming service and studio agreed with Netflix.

Walt Disney, an other major streaming player, invested $1 billion in OpenAI and will allow the AI platform to use its characters and properties to generate short, user-prompted social videos.

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(END) Dow Jones Newswires

12-11-25 1715ET