Paramount Pitches $6 Billion of Cost Savings to Contain Leverage

🇺🇸 Bloomberg (US) —

AI Summary

Paramount Skydance is pledging $6 billion in cost reductions over three years as it seeks to secure lenders for its proposed acquisition of Warner Bros. Discovery. The savings plan is intended to help contain leverage tied to the blockbuster deal.

Paramount Skydance Corp. is promising to cut $6 billion in costs within three years as it looks to lock in lenders for its blockbuster Warner Bros. Discovery Inc. acquisition.

Markets Deals Paramount Skydance Warner Bros. Discovery acquisition cost savings leverage lenders

Read original source →