Warner Bros. Discovery jumps ~11% on Paramount Skydance merger progress, leaving just 65bps of M&A spread

Warner Bros. Discovery shares finished up about 11%, their highest in more than a year, as the Paramount Skydance deal nears completion — the stock now prices roughly 99% odds, leaving a 65bps M&A spread. SpecialSitsNews estimates the move was a ~$1.5bn P&L event for event-driven funds.

Detected & updated continuously · Source: Nebula