Stock Market Update
27-Feb-26 15:35 ET
Paramount Skydance pays termination fee to acquire WBD
Dow -559.45
at 48938.64,
Nasdaq -258.19
at 22620.21,
S&P -40.04
at 6870.81
[BRIEFING.COM] The major averages are little changed from previous levels heading into the final half hour of this week's action.
Bloomberg reports that Netflix (NFLX 96.50, +11.91, +14.08%) has confirmed that Paramount Skydance (PSKY 13.46, +2.28, +20.35%), on behalf of Warner Bros. Discovery (WBD 28.19, -0.61, -2.12%), has paid the $2.8 billion termination fee required for Warner Bros. to exit the merger agreement.
Additionally, Reuters reported that Paramount Skydance is expected to receive EU approval for the Warner Bros. deal.
