Paramount Shares Gain As Wall Street Gauges Skydance Deal; “The More Important Question Is What Happens Next,” One Analyst Notes

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 ...