PARA Jul 2024 10.500 put
- Bloomberg
Skydance Media Reaches Preliminary Paramount Merger Agreement
(Bloomberg) -- Paramount Global shares jumped the most in two months on Wednesday after a merger deal with independent film and TV producer Skydance Media was revived.Most Read from BloombergKamala Harris Is Having a Surprise Resurgence as Biden’s Campaign UnravelsSingapore Couples Are Marrying Earlier to Buy Homes, Leading Some to RegretSingapore Is Making Life Tougher for Global TalentStocks Up as Jobs Spur Calls for September Fed Cut: Markets WrapBiden’s Fourth of July Shrouded by Pressure to
- Reuters
Skydance Media's deal to gain control of Paramount could be sealed this weekend, sources say
Skydance Media's deal to acquire theater operator National Amusements, with its controlling interest in Paramount Global, could be finalized by Monday, sources familiar with the deal process said. Parties are expected to work throughout the weekend to finalize the deal before Tuesday's start of Allen & Co's annual gathering of technology and media titans in Sun Valley, Idaho, which Paramount Global Chair Shari Redstone typically attends. Skydance Media, an independent media company with interests in films, animation, television, video games and sports, has offered to pay $1.75 billion for National Amusements, the holding company that owns about 77% of the voting shares of Paramount.
- Barrons.com
These Stocks Moved the Most Today: Tesla, Paramount, Nvidia, Constellation Brands, Simulations Plus, First Solar, and More
Tesla stock extended gains after second-quarter deliveries at the electric-vehicle maker beat expectations, while Paramount surged following a report it has reached a deal to merge with Skydance Media.
