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Warner Bros. Discovery Shares Surge Nearly 30% on Report of Paramount Skydance Takeover Bid
['Business Times']
Business Times : Top News
Warner Bros.
Paramount Skydance shares also climbed 9% on the news.
While Warner Bros.
Zaslav is slated to remain CEO of the newly named Warner Bros. while longtime CFO Gunnar Wiedenfels would lead the cable division.
WBD's market capitalization is roughly $33 billion, more than double that of Paramount Skydance.
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