DIS - Paramount Global Makes For A Compelling Risk To Reward Prospect

2024-02-01 19:43:18 ET

Summary

• Byron Allen has offered to buy Paramount Global for $14.3 billion, causing shares to surge.
• Paramount Global has been struggling financially, making a potential buyout a positive for shareholders.
• The possibility of a bidding war and strategic alternatives could lead to significant upside for the company.

January 31st was a rather exciting day for shareholders of Paramount Global ( PARAA , PARA ). After news broke that media mogul Byron Allen offered to buy up the company for approximately $14.3 billion, shares of the A units skyrocketed 21.6%, while shares of the B units jumped 6.7%....

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