The Latest Breaking News from PSKY

Paramount Skydance is set to announce its third-quarter results next month, and analysts project its EPS to remain the same as the previous-year quarter.

Warner Bros. Discovery (NASDAQ:WBD) is listening to bids for its business and assets after receiving multiple offers from Paramount Skydance (NASDAQ:PSKY).

President Donald Trump may soon return to Paramount Skydance's (NASDAQ:PSKY) CBS News, as his White House is in talks with 60 Minutes for a sit-down interview just months after his campaign won a $16 million settlement from the network's parent company.

While Paramount Skydance has outpaced the S&P 500 Index over the past year, analysts are moderately bearish about the stock’s prospects.

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Paramount Skydance (NASDAQ:PSKY) shares are trading higher Friday after a report suggesting that the company is preparing an Ellison-backed bid for Warner Bros. Discovery, Inc. (NASDAQ:WBD).

Shares of Walt Disney Co (NYSE:DIS) and Netflix Inc (NASDAQ:NFLX) are trading lower Friday, possibly pressured by reports that a Paramount Skydance Corp (NASDAQ:PSKY) group is preparing a bid for Warner Bros. Discovery Inc (NASDAQ:WBD). The news could sparked a threat for the streaming industry leaders.

Shareholders of Warner Bros. Discovery (NASDAQ:WBD) were likely cheering on Wednesday as shares had their biggest single-day gain of 29%. Perhaps, it's sports fans who should also be cheering as a potential combination of Warner Bros. and Paramount Skydance (NASDAQ:PSKY) could create a sports juggernaut.

On Thursday, U.S. Senator Elizabeth Warren (D-Mass.) denounced Paramount Skydance Corp.'s (NASDAQ:PSKY) reported plans to bid for Warner Bros. Discovery Inc. (NASDAQ:WBD). She warned that the potential media merger poses a threat to competition and could be linked to questionable approvals under President Donald Trump.