Paramount Global (0VV.DU)
| Previous Close | 18.76 |
| Open | 18.82 |
| Bid | 20.30 x N/A |
| Ask | 20.50 x N/A |
| Day's Range | 18.82 - 20.20 |
| 52 Week Range | 12.55 - 23.75 |
| Volume | |
| Avg. Volume | 8 |
| Market Cap | N/A |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | Aug 05, 2024 - Aug 09, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- Yahoo Finance Video
Skydance, Paramount reach potential merger agreement: CNBC
Shares of Paramount (PARA, PARAA) are on the rise Monday following a CNBC report indicating that Skydance is set to announce its highly anticipated deal with the media giant in the near future. The agreement is expected to provide shareholders with the opportunity to either cash their holdings out or roll them over into the new venture, although the specifics of the deal are still subject to ongoing negotiations. Yahoo Finance's Alexandra Canal breaks down the details of the deal. 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
ReutersSkydance awaits word on its enhanced bid for Paramount
(Reuters) -Skydance Media on Monday was awaiting a response to its enhanced bid for entertainment conglomerate Paramount Global, in which it offered to buy nearly half of the nonvoting Paramount shares at $15 each, according to a source familiar with the matter. The new proposal follows months of negotiations between Santa Monica, California-based independent studio Skydance and Paramount, which, like other media companies, has been hit by the decline of the traditional television industry. "We received the financial terms of the proposed Paramount/Skydance transaction over the weekend and we are reviewing them," said a spokesperson for movie theater owner National Amusements, which holds 77% of Paramount's class A voting stock.
ReutersRevised Skydance offer would let Paramount shareholders cash out at $15/shr, WSJ reports
The new proposal values Paramount B-shares at a roughly 26% premium to Friday's close, the report added. A special committee of Paramount's board agreed to recommend a deal with Skydance Media after its sweetened offer last week, the Wall Street Journal separately reported on Friday. Skydance submitted a sweetened offer for its proposed merger with Paramount which is said to offer improved terms for both voting and non-voting Paramount shareholders, and provides more cash, a source told Reuters on Thursday.
