Paramount Skydance’s $81 billion deal for Warner Bros. Discovery is highly complex and poses credit risks, Fitch Ratings says as it cut the media conglomerate to junk status.
Paramount is poised to take control of Warner after winning a bidding war for the entertainment company against Netflix. ...
Fitch said it views the proposed acquisition as structurally complicated, citing the scale of financing required, limited capital structure transparency and the challenge of integrating two large media groups.
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