Versant stocks flop debut has Paramount Skydance…
Comcast’s spinoff of its cable property is flopping, raising questions about the general worth of streaming giant Netflix’s “winning” bid for Warner Bros. Discovery, On The Money has realized.
The flailing stock price for the media company recognized as Versant, with cable property including CNBC, MS NOW (previously MSNBC) and E!, is including credibility to arguments being made by rival Paramount Skydance that shareholders ought to reject WBD’s determination to choose Netflix as winner of the months-long bidding conflict and change sides to help its own $78 billion, $30-a-share,…
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