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A view of Paramount Studios's water tank as SAG-AFTRA members walk the picket line outside during their ongoing strike, in Los Angeles, California, U.S., September 26, 2023. The current leadership of Paramount Global is gearing up to present a plan at the company's annual shareholder meeting Tuesday in the event a sale of the company doesn't happen, according to a person familiar with the matter. CBS CEO George Cheeks, Paramount Media Networks CEO Chris McCarthy, and Paramount Pictures CEO Brian Robbins — c ...

Key Takeaways The S&P 500 closed 0.1% higher on Monday, June 3, 2024, shaking off a report that showed a contraction in the U.S. manufacturing sector. Shares of electric utility Vistra slumped amid concerns that plans to bolster the Texas power grid could lead to oversupply. Paramount Global shares soared after reports that the entertainment giant has agreed to an updated acquisition offer from Skydance Media. Major U.S. equities indexes were mixed to open the trading week as the latest Purchasing Managers ...

The company's stock has declined markedly in recent years, falling to about one-third of its level in late-2019, when the reunion of CBS and Viacom became official. As various M&A scenarios circulated over the past three months, however, including a now-less-likely transaction involving Sony Pictures Entertainment and private equity giant Apollo, the shares have risen almost 30%. Monday's spike, on higher-than-average trading volume, showed investor's continued belief in the near-term upside of an acquisiti ...

Paramount Global is hammering out the last details of an agreement to be purchased by Skydance Media in an $8 billion deal, according to multiple reports. FOX Business' Charlies Gasparino reported last week that Skydance and its backers were said to be in the final stages of negotiating the purchase of Paramount, and that a deal could be finalized in two weeks. Ticker Security Last Change Change % PARA PARAMOUNT GLOBAL 12.83 +0.92 +7.72% Paramount Global Class B Over the weekend, The Wall Street Journal rep ...

About this content About Emily Jarvie Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developm ...

Key Takeaways Paramount Global (PARA) shares jumped Monday on a report that the entertainment giant had agreed to a revised purchase offer by Skydance Media. The Paramount saga has been playing out for several months, with Skydance and private equity firm Apollo Group Management (APO) separately trying to woo Redstone. In April, The New York Times reported that Apollo had been in discussions with Sony Pictures (SONY) to team up on a bid. Shares of Paramount Global, which surged more than 7% to $12.78 as of ...

Paramount Global and Skydance have agreed on terms of a merger between the two entertainment companies that's valued at $8 billion, according to a report. Skydance, the media company founded by David Ellison, has agreed under the proposed deal with a Paramount special committee to pay $2 billion for Paramount's parent company, National Amusements, which is controlled by majority stakeholder Shari Redstone, according to CNBC. As part of the deal, Skydance will buy out nearly half of Paramount's class B share ...

This is breaking news. Please check back for updates. Paramount and Skydance have agreed to terms of a merger, which will likely be announced in the coming days, CNBC's David Faber reported Monday. The Paramount logo is displayed at Columbia Square along Sunset Blvd in Hollywood, California on March 9, 2023. ...

The David Ellison-led Skydance, which has been in the running for months to take control of Paramount, had sweetened its offer in recent days in order to assuage the concerns of non-voting shareholders. In the current scenario, those shareholders would be in line to receive $15 a share, a 26% premium over the company's stock price as of Friday. Sources familiar with the discussions confirmed the proposed terms to Deadline after The Wall Street Journal and Bloomberg had reported them earlier Sunday. As Param ...