Previous close | 78.00 |
Open | 75.80 |
Bid | 76.08 x 0 |
Ask | 76.66 x 0 |
Day's range | 75.80 - 75.80 |
52-week range | 74.90 - 92.95 |
Volume | |
Avg. volume | 11 |
Market cap | N/A |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | 14 May 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Paramount Global (PARA) has entered into acquisition talks with Sony (SONY) and Apollo Global Management (APO), who proposed a joint bid of $26 billion to buy the media company. Last week, Paramount CEO Bob Bakish stepped down for his chief executive role while Paramount ended its exclusive talks with Skydance Media last week. MoffettNathanson Managing Director and Equity Research Analyst Robert Fishman joins Catalysts to give insight into a potential deal for Paramount. "There's lots of uncertainty that comes to play with all these different scenarios, and there's some risks involved in that too," Fishman says. "So, as an independent shareholder, really, you've been swung around and trying to understand how the future of this can go, because as an independent company going forward, there are still significant challenges ahead, and that includes fundamental challenges on the business that we follow. " Yahoo Finance Executive Editor Brian Sozzi sat down with Apollo Global Management CEO Marc Rowan at the 2024 Milken Institute Global Conference, discussing Apollo's search for value through this Paramount deal. Note: Apollo Global Management is Yahoo's parent company. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
Paramount Global (PARA) has initiated acquisition conversations with Sony (SONY) and Apollo Global Management (APO) after the exclusivity agreement with Skydance Media ended, according to a report from The New York Times. The report also details that while the exclusivity deal has ended, the special committee behind the potential acquisition is still evaluating all offers on the table. Yahoo Finance Senior Reporter Alexandra Canal joins The Morning Brief to discuss the report and its implications for all companies involved moving forward. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino Disclosure: Apollo Global Management is the parent company of Yahoo Finance.
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