Communications-services companies ticked down as traders hedged their bets on the outlook for deal activity.
Paramount Skydance plans to launch a proxy fight for board seats at Warner Bros. Discovery, the company said Monday, as it continues pushing its hostile bid for the company. Shares of Warner Bros fell, however, amid skepticism that Paramount's effort to spoil an existing deal with Netflix or trigger a bidding war.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-12-26 1749ET



















