By Yahoo Finance Video
Publication Date: 2026-03-02 21:01:00
00:00 Speaker A
Yahoo Finance’s Brooke DePalma joining me now for a look at Paramount, Elevance Health and Coherent. We’re going to start here with Paramount. Skydance, that company pointed to plans of combining Paramount Plus with HBO Max as part of its acquisition of Warner Brothers Discovery. Uh, so one platform is what they’re talking about here, Brooke, following that acquisition. Company expects that transaction to close, remember, in the third quarter. Paramount CEO David Ellison saying the deal is pro competition. It’s pro consumer, it’s pro creative community. This is about reinventing the business, Ellison says.
00:30 Brooke DePalma
And this is this is sort of the beginning to the end of this saga that just has been ongoing for months now. Paramount Skydance though still a bit on the sidelines when it comes to Wall Street’s taste. We do have when it comes to ratings, 13 holds, two buys and six sells on Paramount Skydance stock still, even following this announcement that they ultimately did end up having the superior bid in the end. and shares now down around 2% as we make our way down to the close. But the implications of this are are kind of exciting when you think about what exactly this could mean. It sounds like they’re going to combine HBO Max with Paramount Plus. And on top of that, they said that they’re also going to target at least 30 theatrical films in theaters annually. And when you think about that, that was something that…
