Paramount’s $41 Billion of M&A Bonds Slump as Trading Begins
Paramount Skydance Corp.'s $41 billion in bonds, issued to fund the acquisition of Warner Bros. Discovery, experienced a decline in value during their first full day of trading.
Just hours after Paramount Skydance Corp. issued $52 billion of debt to fund the biggest Hollywood buyout ever, investors were nursing more than $100 million of losses, triggering a flurry of angry calls from money managers to Wall Street banks that underwrote the debt.
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