Loading... Here's what the technical indicators say about the stock's future. Chart created using Benzinga Pro Simple Moving Averages: PARA's share price of $11.46 is comfortably above its 8-day SMA ($10.78), 20-day SMA ($10.65), and 50-day SMA ($11.68), all reinforcing a bullish trend. However, not all indicators are flashing green. Several metrics suggest the need for cautious optimism: Paramount Global PARA saw a 3.13% dip by 11 AM ET on Monday as investors digested the merger announcement with Skydance ...

CLICK HERE TO READ MORE ON FOX BUSINESS The proposed merger comes after reports of renewed talks between the two companies emerged earlier in the month and after months of interest from various potential bidders. Ticker Security Last Change Change % PARAA PARAMOUNT GLOBAL 21.35 +0.88 +4.30% | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Skydance and RedBird Capital Partners, its private equity backer, will pay $2.4 billion for National Amusements, along with $4.5 billion set to be paid to Paramount shareholders. Skydance and RedBird will also invest $1.5 billion toward Paramount's balance sheet, which currently holds billions in debt, bringing the total amount of capital involved in the deal to about $8.4 billion. "I am incredibly grateful to Shari Redstone and her family who have agreed to entrust us with the opportunity to lead Paramount ...

A completed Skydance merger would mark a major shift for the ownership of Paramount, as well as for Hollywood as a whole. The Redstone family has long controlled the movie studio — known for films such as "The Godfather," "Top Gun," and "Forrest Gump" — as well as the CBS broadcast network and cable TV networks like MTV and Nickelodeon. The merger will also put David Ellison, the founder of the production company Skydance and son of Oracle founder and billionaire Larry Ellison, at the helm of a major movie ...

Skydance Media and Paramount Global (PARA.O) opened a new tab and agreed to merge, the companies announced late Sunday, scripting a new chapter for one of Hollywood's oldest studios. The deal represents the end of an era for Shari Redstone, whose father and late patriarch, Sumner Redstone, transformed the family's chain of drive-in movie theaters into a media empire that included Paramount Pictures, the CBS broadcast network and cable television networks Comedy Central, Nickelodeon and MTV. David Ellison, t ...

Group 1 - Paramount has agreed to merge with Skydance Media, marking a significant development in the media industry [3][5] - The deal involves the acquisition of National Amusements, which holds the controlling stake in Paramount, indicating a consolidation of power within the media sector [3][4] - The merger may face scrutiny from the FTC, which has been active in bringing antitrust lawsuits under the leadership of Lina Khan [5] Group 2 - The merger concludes a lengthy and complex negotiation process between Shari Redstone of National Amusements and David Ellison, CEO of Skydance [4] - This transaction highlights ongoing trends in the media industry towards consolidation and the formation of larger entities to compete in a rapidly changing market [3][5]

David Ellison's Skydance Media has announced it and its backers will invest $8 billion in a takeover of Paramount Global, capping a seven-month quest. The company had received approval earlier Sunday from a special committee of Paramount's board of directors. The full board then OK'd the plan for a two-step transaction. First the acquisition of National Amusements Inc., the entity run by Shari Redstone that had controlled almost 80% of Paramount voting shares. That transaction will be followed by a full mer ...

The merger agreement includes a 45-day "go-shop" period, which permits the Special Committee and its representatives to actively solicit and consider alternative acquisition proposals. There can be no assurance that this process will result in a superior proposal, and the Company does not intend to disclose developments with respect to the go-shop process unless and until it determines such disclosure is appropriate or is otherwise required. Further information regarding terms and conditions contained in th ...

Investor Call Details For more information about Paramount, please visit www.paramount.com and follow @ParamountCo on social platforms. Skydance Media & RedBird Capital Melissa Zukerman Principal Communications Group Mr. Phillips continued, "The Special Committee would like to thank our Co-CEOs George Cheeks, Chris McCarthy and Brian Robbins for making significant progress on optimizing company operations in a short Management Team and Synergies Transaction Approvals Skydance Animation develops and produces ...

NSIDER TODA Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Access your favorite topics in a personalized feed while you're on the go. Paramount Global's board approved a merger with Skydance on Sunday, multiple outlets reported. This marks the end of a tumultuous deal process and a new era for the troubled media giant. Paramount earlier this year announced layoffs, signaling troubling times in the media landscape. Insider Today Bull ...