APO - Paramount: Bidding War And Short Squeezes Ahead
2024-01-31 06:24:50 ET
Summary
- Byron Allen has reportedly made a $30B offer for Paramount Global.
- Within a few months, he is already the fourth player signaling interest in the company, but the first to actually make an offer.
- Expect further offers, potentially a bidding war and short squeezes.
Shark #4 enters the pond: Byron Allen
Just a couple of days ago I wrote in " A Story Of Sharks And Tunas " about the many sharks preparing to feast on Paramount Global ( PARA ) ( PARAA ) ( PARAP ) and their individual strategies. Byron Allen was not even mentioned, but yesterday the owner of the Weather Channel came out and finally made an actual bid for the entire company: $30B inclusive of debt, $21.53 for the non-voting PARA shares and $28.58 for the voting PARAA shares....
Paramount: Bidding War And Short Squeezes Ahead