Previous close | 19.52 |
Open | 19.68 |
Bid | 20.70 x N/A |
Ask | 20.95 x N/A |
Day's range | 22.00 - 23.75 |
52-week range | 12.55 - 23.75 |
Volume | |
Avg. volume | 0 |
Market cap | N/A |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | 29 Apr 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Paramount Global (PARA) shares are flying higher in Friday morning's trading session — skyrocketing by nearly 14% in the last five trading days — after reports confirmed that Sony (SONY) and Apollo Global Management (APO) are pursuing an acquisition of the media giant. The proposed deal, valued at $26 billion in an all-cash bid, has Sony set to assume the role of the majority shareholder and Apollo taking a minority stake. Yahoo Finance Entertainment Reporter Alexandra Canal breaks down the details, providing insights into the state of Skydance Media's own talks with Paramount. Disclosure: Apollo Global Management is the parent company of Yahoo and Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Paramount's exclusivity window with Skydance expires on Friday.
Shares of Paramount Global (PARA) spiked in the afternoon on Thursday after a report revealed that Sony Pictures and Apollo Global Management (APO) submitted an all-cash $26 billion offer for the company. How did the Paramount get here, and where could it settle on a deal? Yahoo Finance Reporter Alexandra Canal outlines the timeline behind Paramount's journey to a potential deal. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino Disclosure: Apollo Global Management is the Parent Company of Yahoo Finance.