PARA News and Press, Paramount Global From 07/08/24

2024-07-08 10:15:00 ET Summary Paramount's special committee and Shari Redstone have finally agreed to definitive merger terms. While there still is the chance of a better deal materializing within the 45-day go-shop period, don't put too much hope in it. Here is why I conside...

2024-07-08 06:28:34 ET Summary Shari Redstone to receive $1.75b and $1b cash infusion, while common holders get $15 per share for half their holdings. A majority of PARA common holders may face losses as the deal closes, with potential legal action looming. The Sony/Paramount ...

2024-07-08 05:26:25 ET More on related stocks: Everything You Need To Know About The Potential Paramount-Skydance Merger Paramount: Seek Streaming JV, Sell Some IP And Reject Suitors Paramount and Skydance agree to merge, shaking up entertainment industry Par...

2024-07-08 04:45:07 ET A new chapter is opening for Paramount Global ( NASDAQ: PARA ) following several drama-filled twists that saw it finally agree to a merger with David Ellison's Skydance Media. It's a complex transaction (see the details below), but there are hopes it can resur...

PARAMOUNT GLOBAL'S SPECIAL COMMITTEE UNANIMOUSLY APPROVES MERGER WITH SKYDANCE MEDIA PR Newswire NEW YORK , July 7, 2024 /PRNewswire/ -- The Special Committee of the Board of Directors (the "Special Committee") of Paramount Global (NASDAQ: PARA, PARAA) ("Paramoun...

Ellison Family and RedBird Capital Partners to Invest Over $8 Billion i n New Paramount and to Acquire National Amusements, Inc. Paramount Class A Stockholders to Receive $23 Per Share in Cash/Stock Election, Class B Stockholders to Receive $15 Per Share in Cash/Stock Election; C...

2024-07-07 19:20:59 ET A special committee of Paramount Global's ( NASDAQ: PARA ) board has agreed to a deal with Skydance Media. ... Read the full article on Seeking Alpha For further details see: Paramount Global special committee approves Skydance deal - reports

2024-07-07 15:39:29 ET “Despicable Me 4” was the No. 1 box-office draw during the holiday weekend with an estimated $75 million in ticket sales from Friday to Sunday and $122.6 million since its Wednesday premiere. The animated sequel from Comcast's ( NASDAQ: CMCSA ) U...

2024-07-06 10:29:30 ET The stock indexes closed on a higher note this week, as investors and traders assessed the latest employment data that showed labor market resilience, comments by Federal Reserve chair Jerome Powell and the minutes of latest monetary policy meeting. EV maker Tesla ( ...

2024-07-05 15:53:47 ET Billionaire investor Mario Gabelli may not sell his stock in Paramount ( NASDAQ: PARA ) even if it merges with popular Hollywood movie studio Skydance, the New York Post reported in an interview with him on Friday.... Read the full article on Seeking Alp...