Communications-services companies rose as traders bet a deal saga will continue.
Warner Bros. Discovery sought a personal guarantee from Larry Ellison on the financing of Paramount Skydance's rival offer for the Hollywood studio, cable-channel and streaming-service firm, before recommending shareholders continue to support the Netflix bid. Ellison's son, Paramount Chief Executive David Ellison, said he will continue to pursue Warner Discovery shareholder approval for the rival offer.
Truth Social owner Trump Media & Technology Group agreed to merge with an Alphabet-backed fusion energy company in a merger valued at $6 billion, seeking to capitalize on the artificial-intelligence boom's growing power requirements.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
December 18, 2025 17:28 ET (22:28 GMT)
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