Paramount Skydance Shares Drop Amid Threat of State-Led Lawsuit Over $110B Warner Deal
Paramount Skydance Corp shares tumbled after state attorneys general, led by California's Rob Bonta, indicated they may file suit soon to block the company's proposed $110 billion takeover of Warner Bros. Discovery. The prospect of coordinated state litigation, combined with recent analyst downgrades, intensified investor concern and pushed the sto…