GERMANY - 2024/04/02: In this photo illustration, a Paramount Pictures Corporation logo seen ... [+] displayed on a tablet. (Photo Illustration by Igor Golovnov/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Looking at a slightly longer period, PARA stock has suffered a massive decline, falling from $35 in early January 2021 to around $10 now, down about 70%. Returns for the stock were -19% in 2021, -44% in 2022, and -12% in 2023. The S&P 500, in comparison, rose by about ...

The stock price fell below $10 intraday, changing hands at $9.91 just now, down 2% from Friday. It's never dipped below ten bucks since Viacom and CBS merged in December of 2019, making this an all-time low after David Ellison's Skydance packed up and went home. After discussing a potential transaction for months, Paramount's controlling shareholder Shari Redstone backed away at the 11th hour last week, leaving the company her father built in a complicated position with high debt, significant exposure to de ...

David Ellison didn't do that. That makes sense on paper. Again, Cardinale and the Skydance people think Shari doesn't have a lot of good options — and she will be back with a weaker hand, my sources say. Maybe the biggest tell that traditional media is heading for the ICU isn't that after months of intense negotiations, Shari Redstone did something weird and refused to sell her fading empire to a company known as Skydance. I know what you're saying: Aren't there other bidders for her "controlling stake" in ...

Melrose Gate entrance to Paramount Pictures in Los Angeles, CA - Will the studios be sold in the end? gregobagel More billionaires and private equity funds have shown interest to buy Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA) or buy the control of Paramount Global via a purchase of National Amusements (NAI), the family vehicle of the Redstone family. Since my previous article on the possible Paramount Global takeover, focused on the Sony-Apollo deal, quite a number of things have changed. Sony-Apollo hav ...

A legal threat from investor Mario Gabelli was a "major factor" in this week's implosion of Shari Redstone's $8 billion deal to merge Paramount Global with its "Mission: Impossible" production partner Skydance Media, The Post has learned. When Redstone made a surprise move to pull the plug on the deal this week — just before a Paramount special committee was poised to vote on it — she was looking down the barrel of a $100 million-plus lawsuit from Gabelli over the deal, according to sources close to the sit ...

Paramount Global's leadership team told employees Wednesday the company will focus on its new plan to transform its streaming business, reduce costs and divest some assets to help pay down debt, according to an email seen by Reuters. "We recognize the last several months have not been easy as we manage through ongoing change and speculation," wrote the company's co-CEOs Brian Robbins, George Cheeks and Chris McCarthy. "And we should expect some of this to undoubtedly continue." The message comes a day after ...

Paramount, like many of its peers, is grappling with how to make streaming a profitable business as it faces peak competition, a rapidly shrinking universe of cable-TV customers and a slowdown in the advertising market that has especially weighed on the bundle. "It's very difficult for a trio of CEOs to work on a long term basis. It's almost unheard of. How will they make decisions on allocating capital and strategic priorities?" said Jessica Reif-Ehrlich, an analyst at BofA Securities. "So, what does this ...

Key Takeaways Paramount Global shares were little changed Wednesday, a day after tumbling following reports controlling shareholder Shari Redstone had called off monthslong merger talks with Skydance Media. The news came shortly before a committee of Paramount directors was set to vote on the merger. Redstone is said to be considering selling National Amusements, the holding company through which she controls Paramount, instead of pursuing a merger. Paramount Global (PARA) missed out on a CPI-fueled stock r ...

PARA is down nearly 30% so far in 2024 Shares of Paramount Global (NYSE:PARA) are down 1.6% at $10.86 this morning, after the company's largest shareholder, Shari Redstone, eliminated merger talks with Skydance Media. This comes after six months of negotiations began. The stock remains at multi-year lows and sports a 26.2% year-to-date deficit, with overhead pressure stemming from the 200-day moving average. Short interest has been unwinding for months on PARA, with a 15% drop in the most recent reporting p ...

Sony is still looking at the books for a possible deal but we're hearing that doesn't appear to have much traction given the regulatory hurdles of a Japanese company taking interests in a U.S. broadcast company. They talked, and talked, and talked. Potential suitor Warner Bros Discovery faded away, as did Byron Allen, who made an actual offer for the company. Par and Skydance entered an exclusive negotiating period for the month of April. When the lock-up ended with no deal, doubt crept in. Sony jumped into ...