Warner Bros. Discovery jumped 8% in overnight trading after surging 29% on The Wall Street Journal reported that Paramount Skydance was prepping a takeover bid. Paramount is looking to make a majority cash bid for the entire company including its cable networks and movie studio, the Journal reported, citing people familiar with the matter.
Microsoft shares gained 2% in overnight trading as Microsoft and OpenAI said on Thursday they have signed a non-binding deal for new relationship terms that would allow OpenAI to proceed to restructure itself into a for-profit company, marking a new phase of the most high-profile partnerships to fund the ChatGPT frenzy.
Premium furniture retailer RH shares slump 8% in overnight trading as the company lowers fiscal 2025 revenue growth target between 9% and 11% from prior forecast of 10% to 13%.
Shares of IBEX Ltd. surged after the company guided for further sales growth in the year ahead and logged big top-line gains in the latest quarter. The stock was up 23% in overnight trading. Shares had already gained 42% year-to-date when the market closed.