Paramount Skydance is trading 4.01% up at $9.88 after its chief legal officer said a potential CNN sale remains on the table to resolve California’s antitrust challenge to the proposed $110 billion Warner Bros. Discovery acquisition.
- Reuters reported the development on August 12, 2026; The Wall Street Journal reported discussions about an editorial oversight board for CNN.
- The S&P 500, Nasdaq, and Dow are higher as cooler inflation reduced interest-rate concerns. Merger developments appear to be the clearest catalyst, with stronger market sentiment also supportive.