<div id="readability-page-1"><div><p>Communications-services companies ticked down as a deal saga approached its conclusion.</p><p>    Paramount Skydance Chief Executive David Ellison published a letter urging Warner Bros. </p><p>    Discovery shareholders to sell their shares to his company in order to disrupt the pending merger with Netflix, arguing his company's $30-per-share offer for the whole firm was superior to the $27.75-a-share for the streaming service and studio agreed with Netflix. </p><p>    Walt Disney, an other major streaming player, invested $1 billion in OpenAI and will allow the AI platform to use its characters and properties to generate short, user-prompted social videos. </p><p>   Write to Rob Curran at rob.curran@dowjones.com </p><p>    (END) Dow Jones Newswires</p><p>12-11-25 1715ET</p></div></div>

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<p>Communications-services companies saw a decline as Warner Bros. Discovery's merger saga neared its conclusion. Paramount Skydance CEO David Ellison urged Warner shareholders to sell shares to his company, offering $30 per share, surpassing Netflix's $27.75 offer. Meanwhile, Disney invested $1 billion in OpenAI, allowing AI to use its characters for social videos.</p>

Communications Services Down as Warner Saga Nears Conclusion - Communications Services Roundup