Paramount Skydance Stock Falls as $110B Warner Bros Deal Raises Debt Concerns
PSKY stock declined after Paramount confirmed the Warner Bros merger will leave the combined company with roughly $79 billion in net debt and no plans to divest cable assets.
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Amazon to Invest $50 Billion in OpenAI, Expands AI Partnership
Amazon is investing $50 billion in OpenAI and forming a multi-year partnership that makes AWS the company’s exclusive cloud provider.