Paramount stock and bonds snapped up on report deal with Skydance is back on
Investors snapped up shares and bonds issued by Paramount Global Inc. on Wednesday, after a report suggested the on-again, off-again courtship between Shari Redstone, Paramount and Skydance Media is back on, after the three sides reportedly have reached a preliminary merger deal.
Paramount Jumps Amid Reports That Skydance Merger Is Back On
Paramount Global (PARA) shares are surging again in premarket trading Wednesday amid reports that its deal to merge with Skydance Media are back on after controlling shareholder Shari Redstone reportedly ended the discussions last month.
Paramount and Skydance renew merger talks with new bid
Overnight in the US, shares in media conglomerate Paramount Global (NASDAQ:PARA) lifted close to 8% after merger talks with Skydance Media resumed after the latter issued an improved offer. Skydance, the independent studio created by David Ellison (son of Oracle's Larry Ellison), provided a rebuffed offer to attempt to secure the deal, months after Shari Redstone, who controls Paramount, ended the discussions abruptly, Financial Times reports revealed.
Shari Redstone reaches preliminary deal to sell controlling stake in Paramount to Skydance Media for $1.75B
The media heiress reached a preliminary agreement to sell her controlling stake in Paramount Global to Skydance Media – just weeks after she walked away from a deal between the two sides, according to multiple reports Tuesday.
Paramount Reaches Tentative Merger Deal With Skydance—Stock Spikes 8%
Skydance Media and Paramount Global are back in merger negotiations, according to multiple outlets, sending Paramount shares up more than 8% as the two companies re-enter the deal-making process following scuttled takeover talks last month.
Back In Business: Skydance And Shari Redstone Reach Terms On New Merger Proposal For Paramount
In a stunning reversal, David Ellison's Skydance Media and the Shari Redstone-controlled Paramount Global are back at the M&A altar. The companies have reached terms on a revised merger agreement for Redstone's National Amusements Inc.
Paramount and Skydance are back on with a preliminary merger deal, WSJ reports
National Amusements, Paramount's controlling company, last month reportedly ended talks with Skydance.
Paramount shares pop 9% on news of preliminary Skydance Media deal
Paramount shares pop 9% on news of preliminary Skydance Media deal
Paramount mulls $1.7B offer to sell BET to its CEO and NYC private equity firm: report
Scott Mills is teaming up with Chinh Chu, the head of CC Capital, in a bid for BET, according to Bloomberg News.
Paramount Global Stock Jumps On Report Of Revived BET Sale Talks
Paramount Global stock jumped 6% on the latest report it has resumed talking to potential buyers of select assets after pausing the divestments during ultimately fruitless merger talks with Skydance Media. A group of investors is holding exclusive talks with Paramount about a bid of $1.6 billion for BET Media Group, Bloomberg reported Tuesday.
Media mogul Barry Diller weighs a bid to gain control of Paramount
Barry Diller's IAC is exploring a bid to take control of Paramount Global, CNBC's David Faber reported on Tuesday. The offer would be for Shari Redstone's National Amusements Inc., the controlling shareholder of Paramount.
M&A Buzz Sends Paramount Global Stock Surging
Shares of streaming platform Paramount Global (NASDAQ:PARA) are 2.6% higher to trade at $10.41 this morning, after several companies have expressed interest in a merger.
