tie-up

Truist analysts in a research note attribute the increase to touts from investors who claim the tie-up could boost earnings to over $5 a share once complete.

The tie-up needs approval from both companies’ shareholders as well as regulators.

But the tie-up strengthens the existing business before Mama’s expands into those areas, according to Des Lauriers.

Google and Meta have invested billions of dollars into Jio, which is Reliance’s telecom arm, while Disney and Reliance have an entertainment tie-up.

Senator Elizabeth Warren has called for any Paramount-Warner Brother tie-up to be blocked, as a "dangerous concentration of power".