Paramount Deal Delay Fuels Fear of Costly $52 Billion Debt
Paramount Skydance Corp. faces rising costs as delays in its Warner Bros. Discovery buyout negotiations increase the price of debt needed to fund the deal.
Paramount Skydance Corp. has been talking to investors for months about the debt it’s selling to fund its Warner Bros. Discovery buyout, only to find that the longer it’s been forced to talk, the more it has to pay.
READ NEXT
More on the wire
AI TLDR
New York Attorney General Letitia James is launching a review of the gang rape case involving the group known as the Cornell 7.
AI TLDR
Mayoral candidate Nithya Raman is facing ethics complaints regarding her campaign's use of social media influencers. The complaints allege that the campaign made undisclosed payments to influencers, including comedian Adam Conover.
AI TLDR
Governor Kathy Hochul has appointed Attorney General Letitia James to lead the investigation into a gang rape case at Cornell. Hochul cited a loss of confidence in the Tompkins County District Attorney's handling of the probe.