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Jul 3, 2024 · The lift in Paramount’s stock price came after shares had risen 5.7% Tuesday following a report that the company was in talks to sell BET for $1.6 billion-$1.7 billion to a group led by BET CEO ...
- Todd Spangler
Jul 8, 2024 · Skydance Investor Group, comprised of the Ellison Family and RedBird Capital Partners, to invest $2.4 billion to acquire National Amusements for cash and $4.5 billion for the stock/cash merger ...
Jul 9, 2024 · Shell said the Skydance team, working in conjunction with consulting firm Bain & Co., is targeting at least $2 billion in annualized cost cuts that can be made at the company. He indicated much of ...
- Todd Spangler
Jul 7, 2024 · The subsequent all-stock merger of Skydance into Paramount values the former at $4.75 billion. The proposed handoff signals the end of the Redstone family's nearly 40-year reign as one of America ...
Apr 3, 2024 · Paramount Global shares are soaring as talks of a deal with Skydance Media continue to heat up.. The stock price rose by 15 percent Wednesday, all in the minutes leading up to the market close ...
Apr 8, 2024 · Bloomberg reports that Ellison has agreed to pay $2 billion for Shari Redstone’s voting stock in Paramount Global. Ellison and his financial consortium would own 45% to 50% of the new company and would keep its stock public. Reports indicate Ellison would keep Paramount+, but may restart sale talks for BET Media Group and other assets.
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Jul 8, 2024 · CFRA Research analyst Kenneth Leon cut his Paramount stock rating from “buy” to “hold” on Monday and his price target by $4 to $12. “We are positive on the announced merger with Skydance ...
