Previous close | 32.05 |
Open | 32.05 |
Bid | 29.70 |
Ask | 34.50 |
Strike | 77.50 |
Expiry date | 2024-06-21 |
Day's range | 32.05 - 32.05 |
Contract range | N/A |
Volume | |
Open interest | 99 |
A special committee of the Paramount Global board charged with evaluating offers for the company met Saturday morning, though rival bidders for the studio are awaiting word on next steps. Paramount ended its exclusive negotiations with Skydance Media without a deal on Friday, allowing the special committee to entertain other offers for the home of "Mission: Impossible" and "SpongeBob SquarePants." Paramount's special committee signed off on beginning deal talks with Sony and Apollo, The New York Times reported on Sunday.
Paramount Global will end its exclusive negotiations with Skydance Media without reaching a deal, the New York Times reported on Friday, citing people familiar with the matter. Shares of the media giant rose 3% in extended trading. A special committee of Paramount's board, which was established to evaluate the media company's options, spent months negotiating with Skydance and its partners, Redbird Capital and KKR.
Paramount's 30-day window to negotiate exclusively with Skydance is closing without a deal and Sony is waiting around the hoop. What's next?