PARAA May 2024 22.500 call
| Previous Close | 1.5000 |
| Open | 0.0500 |
| Bid | 0.6000 |
| Ask | 3.0000 |
| Strike | 22.50 |
| Expire Date | 2024-05-17 |
| Day's Range | 0.5500 - 3.6000 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 145 |
- Yahoo Finance Video
Sony and Apollo confirm $26B proposed bid in Paramount talks
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
- Reuters
REFILE-UPDATE 1-Paramount will let exclusive talks with Skydance lapse, NYT reports
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.
ReutersParamount will let exclusive talks with Skydance lapse, NYT reports
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. Sony Pictures Entertainment and private equity firm Apollo Global Management have sent a letter to the Paramount board, expressing interest in acquiring the company for $26 billion in an all-cash offer.
