Communications Services Flat as Traders Pare Back Deal Bets — Communications Services Roundup
Communications-services companies were more or less flat, as traders pared back bets on deal activity.
Warner Bros. Discovery shares slipped as Paramount Skydance continued to push a competing bid to its Hollywood rival's merger deal with Netflix.
Versant Media Group, the cable networks spinoff from Comcast, debuted at a price that values the company's equity at about $6.5 billion.
Shares of Comcast rose by more than 3%.
Versant's valuation could figure in the Warner-Netflix saga because the owner of channels such as MS Now and CNBC has a comparable business to Warner's cable unit.
Shares of Juventus Football Club, one of Europe's most storied soccer teams, jumped early Monday after cryptocurrency giant Tether offered to buy the club from Italy's Agnelli family, which rejected the bid.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
December 15, 2025 17:56 ET (22:56 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
3 Stocks to Sell and 3 Stocks to Buy for November
This Once-Hot AI Stock Now Looks Deeply Undervalued
The 10 Best Companies to Invest in Now
He Tried Shorting Jim Cramer’s Stock Picks. It Cost Him More Than Money
United States