Financing Gets Costlier

Paramount Skydance keeps the Warner Bros. Discovery deal alive but must rely on more expensive private credit, preferred equity, or additional Ellison-family support. This outcome is plausible because mega-media transactions remain difficult to finance even after antitrust clearance, especially with high debt loads and uncertain linear-TV cash flows.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.