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home / news releases / paramount s sale still a twilight zone mess

XHYT - Paramount's Sale Still A 'Twilight Zone' Mess

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF

2024-05-06 01:38:31 ET

Summary

  • Apollo/Sony bid for Paramount is a step in the right direction, but still problematic.
  • Divisional operating performance is likely to be impaired.
  • PARA shares have turned into long-term out-of-money call options with high volatility.

Overview:

The National Amusements/Skydance tango with an exclusive negotiating window has now expired, and this opens the way for other bidders to enter....

For further details see:

Paramount's Sale Still A 'Twilight Zone' Mess
Stock Information
Company Name: BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF
Stock Symbol: XHYT
Market: NYSE
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