Paramount Global Shares Fall Under $10, A Record Low Since Viacom & CBS Merged

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 ...