Nike downgraded, Affirm upgraded: Wall Street's top analyst calls

David Ellison and family invested $17 billion in Warner Bros. Discovery's acquisition by Paramount Global, subscribing to 1.4 billion shares at $12 each. The merged entity is now Skydance Corp, but its stock has fallen 9% since the merger. The $110 billion deal includes $47 billion in equity from various investors.

NIKE reported fiscal Q1 2027 sales of $11.2B and net income of $712M, with guidance for a high single-digit revenue decline for the full year. The company faces pressure in Greater China, weakness in Sportswear and Jordan, and is implementing restructuring and cost-cutting measures. Investors are focused on whether these challenges will stabilize by fiscal 2027, with management projecting $48.5B revenue and $3.7B earnings by 2029.

Warner Bros. water tower repainted to include 'A Skydance Corporation' after the merger with Paramount closed, forming a large entertainment company. Skydance (SKYD) shares began trading on the NYSE. Concerns over streaming costs and union pressures were addressed, and legal barriers were removed.

David Ellison has completed an $111 billion deal to merge Paramount Skydance and Warner Bros Discovery, gaining control of major entertainment and news assets. He now faces the challenge of managing the combined company. According to the Financial Times, the deal includes assets like HBO, Warner Bros, CNN, CBS, and Paramount Pictures.

Fox plans to acquire Roku for $22B, keeping Tubi and The Roku Channel separate but merging ad sales. Fox cites distinct user habits for keeping services apart. Deal completion is subject to regulatory and shareholder approvals, expected this year. Viewers and advertisers will see minimal changes post-acquisition.

Paramount Skydance completed its $110 billion acquisition of Warner Bros. Discovery, renaming the combined company Skydance. Shareholders received $31.02 per share. The deal includes major studios, networks, and streaming services, with over 200 million subscribers. The company aims for $6 billion in cost synergies within three years. The acquisition closed following an antitrust settlement requiring film releases and increased U.S. production spending.