Skydance's $8 billion deal to merge with Paramount Global has been characterized in some corners of the industry as a rescue mission. But one Wall Street media veteran thinks it's premature to say the worst is behind the company.
Paramount Global (PARAA) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
Skydance Media may finally win regulatory approval for its $8 billion deal to merge with Paramount Global — but the process could look like something out of “Mission: Impossible.”
It is too early to know whether requirements to get the merger approved also could include turning over the raw transcript of the interview, according to the source.
David Ellison, son of Oracle billionaire Larry Ellison who will run the combined company as chairman and CEO, is planning changes at Paramount.
The Paramount co-CEO threesome of Chris McCarthy, George Cheeks and Brian Robbins is apt to look quite different once the Skydance-Paramount merger goes through in late March-early April, according to sources ad not surprisingly. However, we hear that no decisions have been made yet on the comings and goings of McCarthy, Cheeks and Robbins.
PARA is benefiting from strong Paramount+ growth, but challenges in licensing and advertising may affect near-term performance.
Paramount's financial woes and extensive cost-cutting measures are overshadowed by the potential operational improvements under new leadership, especially in streaming and content strategy. Paramount's streaming future is uncertain, but retaining it as an independent service with improved tech is recommended. Paramount's showdown with Nielsen over measurement fees could lead to significant savings, potentially doubling market cap on its own.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Paramount Global (PARAA) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
More cash is set to flow for Paramount Global executives as the company said two will each receive bonuses of $1 million when the company's sale to Skydance closes as part of a “transaction award program.
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Gabelli requested the delay so that he could probe for “potential fiduciary and/or federal securities violations” against Paramount's minority shareholders.