Paramount Global (0VV.F)
| Previous Close | 21.65 |
| Open | 21.15 |
| Bid | 20.55 x N/A |
| Ask | 20.90 x N/A |
| Day's Range | 21.15 - 21.15 |
| 52 Week Range | 12.55 - 22.80 |
| Volume | |
| Avg. Volume | 38 |
| Market Cap | 8.418B |
| Beta (5Y Monthly) | 1.76 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.05 |
| Earnings Date | Aug 05, 2024 - Aug 09, 2024 |
| Forward Dividend & Yield | 0.18 (0.87%) |
| Ex-Dividend Date | Jun 17, 2024 |
| 1y Target Est | 54.75 |
BloombergSony’s Plans for Paramount Include Sale of Famous Studio Lot
(Bloomberg) -- Sony Group Corp. plans to sell the historic Paramount Pictures lot in Los Angeles, featured in films such as Sunset Boulevard, if it succeeds in buying the studio’s parent company, according to people familiar with management’s thinking.Most Read from BloombergApple Nears Deal With OpenAI to Put ChatGPT on iPhoneIce Cube’s Big3 Basketball League Sells Its First Team in $10 Million DealElon Musk Pledges to Grow Supercharger Business He Just DecimatedFord Cuts Battery Orders as EV L
- Yahoo Finance Video
Can Sony, Apollo sell CBS if they do acquire Paramount?
Paramount (PARA, PARAA) is in deal talks with Sony (SONY) and Apollo Global (APO), but should the potential suitors acquire the media giant, they have plans to break it up and sell off the CBS network. To shed light on this development, Bank of America Securities Senior US Media and Entertainment Analyst Jessica Reif Ehrlich joins Catalysts. Ehrlich notes that Sony "can't own" CBS due to foreign ownership rules. However, Ehrlich highlights that if the transaction were to proceed, two questions would arise: Who can afford to own CBS and who can even own CBS "from a legal perspective"? Note: Apollo Global Management is a majority owner of Yahoo, Yahoo Finance's parent company. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
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