Paramount Skydance/Warner Bros. Discovery Merger Could Create Big Savings -- Market Talk

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Paramount Skydance/Warner Bros. Discovery Merger Could Create Big Savings -- Market Talk

Dow Jones09-12

1040 ET - A Paramount Skydance/Warner Bros. Discovery merger "could yield meaningful upside for the combined entity," says Benchmark analyst Daniel Kurnos. Two years ago, Benchmark estimated a merger between the two companies would create synergies between $3.15 billion and $4.9 billion, although the companies have since begun their own cost reduction programs. "The math remains relatively the same, and the industrial logic has only gotten stronger in what appears to be a consolidating media landscape," Kurnos says. The analyst adds that even without synergies, "Paramount could pay $18 per share for Warner and still have the deal be value neutral or possibly even marginally accretive." Warner Bros. Discovery surges 12%, while Paramount Skydance is up 4%. (nicholas.miller@wsj.com)

(END) Dow Jones Newswires

September 12, 2025 10:40 ET (14:40 GMT)

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Two years ago, Benchmark estimated a merger between the two companies would create synergies between $3.15 billion and $4.9 billion, although the companies have since begun their own cost reduction programs. \"The math remains relatively the same, and the industrial logic has only gotten stronger in what appears to be a consolidating media landscape,\" Kurnos says. The analyst adds that even without synergies, \"Paramount could pay $18 per share for Warner and still have the deal be value neutral or possibly even marginally accretive.\" Warner Bros. Discovery surges 12%, while Paramount Skydance is up 4%. (nicholas.miller@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 12, 2025 10:40 ET (14:40 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Paramount Skydance/Warner Bros. 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Discovery Merger Could Create Big Savings -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-09-12 22:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1040 ET - A Paramount Skydance/<a href=\"https://laohu8.com/S/WBD\">Warner Bros. Discovery</a> merger \"could yield meaningful upside for the combined entity,\" says Benchmark analyst Daniel Kurnos. Two years ago, Benchmark estimated a merger between the two companies would create synergies between $3.15 billion and $4.9 billion, although the companies have since begun their own cost reduction programs. \"The math remains relatively the same, and the industrial logic has only gotten stronger in what appears to be a consolidating media landscape,\" Kurnos says. The analyst adds that even without synergies, \"Paramount could pay $18 per share for Warner and still have the deal be value neutral or possibly even marginally accretive.\" Warner Bros. Discovery surges 12%, while Paramount Skydance is up 4%. (nicholas.miller@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 12, 2025 10:40 ET (14:40 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WBD","symbol_name":"WARNER BROS DISCOVERY INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2566997051","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2566997051","pubTimestamp":1757688000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1040 ET - A Paramount Skydance/Warner Bros. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"WBD":"WARNER BROS DISCOVERY INC","PSKY":"Paramount Skydance Corp","BK4588":"碎股","PGRE":"Paramount Group","BK4125":"广播","BK4223":"办公室房地产信托","BK4598":"佩洛西持仓","BK4194":"办公房地产投资信托","BK4108":"电影和娱乐","BK4585":"ETF&股票定投概念"},"translate_title":"派拉蒙Skydance/华纳兄弟探索频道合并可能会节省大量成本——市场讨论","themeId":"ea61f3320b66f8ac76ab41a1f3e0840f","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WBD":1,"PSKY":0.9,"PGRE":1},"content_text":"1040 ET - A Paramount Skydance/Warner Bros. Discovery merger \"could yield meaningful upside for the combined entity,\" says Benchmark analyst Daniel Kurnos. 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