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Paramount Shares Jump On Sony, Apollo Bid: All Eyes On Shari Redstone To Decide Media Company's Future
Friday, May 3, 2024 - 1:02pm | 572Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) shares jumped Thursday and are trading higher Friday as a $26 billion bid from Sony Group Corp (NYSE:SONY) and Apollo Global Management (NYSE:APO) is now being considered by a special committee. Meanwhile, Skydance Media is holding exclusive talks with...
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Paramount Could Be Worth $4 Or $14 Per Share In Deal, Analyst Says: 'We Prefer To Sit This One Out'
Tuesday, April 30, 2024 - 12:07pm | 903Media company Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) reported first-quarter financial results that saw revenue miss Street consensus estimates and earnings per share come in ahead of estimates. The company also announced a CEO change with Bob Bakish stepping down. Analysts react to the...
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CNBC Host Finds Paramount Earnings Call Lasted Just As Long As Led Zeppelin's 'Stairway To Heaven' But Only One Included 'Tidbit Of CEO Getting Fired'
Tuesday, April 30, 2024 - 1:56am | 755CNBC “Last Call” host Brian Sullivan drew a comparison between Paramount‘s (NASDAQ:PARA) recent earnings call and Led Zeppelin‘s iconic song, “Stairway to Heaven.” What Happened: During CNBC’s “Last Call on Monday, Sullivan humorously pointed out,...
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CEO Shake-Up Looms At Paramount Global Amid Skydance Merger Discussions
Sunday, April 28, 2024 - 8:42am | 519Bob Bakish, the current CEO of Paramount Global, may be facing termination as the company continues its merger talks with Skydance Media. What Happened: A recent CNBC report suggests that the board of Paramount Global (NASDAQ: PARA) is contemplating the dismissal of Bakish, which will possibly...
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GOP Mega Donor's Son Throws Support Behind Incumbent President In Biden Vs. Trump Battle
Wednesday, April 17, 2024 - 5:10am | 562In an unexpected move within political fundraising circles, David Ellison, the son of well-known GOP supporter and Oracle CEO Larry Ellison, has made a notable financial contribution to Joe Biden‘s campaign, stirring interest among political analysts and donors alike. What Happened: David...
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Paramount Shareholders Express Concerns Over Potential Skydance Media Merger: 'Any Merger Talks That Forego Competitive Bidding...Is Averse To The Fair Market Value Of A Company'
Friday, April 12, 2024 - 8:53am | 740As Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA) navigates through a potential merger with Skydance Media, investor concerns are surfacing regarding the deal’s fairness and the exploration of alternative options. What Happened: Some investors of Paramount Global are voicing their unease over...
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Analyst Says Paramount Global Reportedly Snubbing $26B Offer From Apollo Global 'Doesn't Make Sense'
Thursday, April 4, 2024 - 10:23am | 865Paramount Global (NASDAQ:PARAA) (NASDAQ:PARA) has reportedly entered into exclusive merger talks with Skydance Media. This decision comes at the expense of a $26 billion offer from Apollo Global Management (NYSE:APO). What Happened: The Paramount Global board gave the nod to Skydance Media on...
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Paramount Global Q4 Earnings Preview: Investors Eye Streaming Growth, Q1 Guidance, Super Bowl LVIII Impact
Tuesday, February 27, 2024 - 2:46pm | 878Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) will report fourth-quarter financial results after market close Wednesday. Analysts expect fourth-quarter revenue to hover at around $7.85 billion, according to data from Benzinga Pro. That’s less than the $8.13 billion it reported for the same...
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Bryon Allen Makes $14 Billion Offer: Paramount Global Stock Trades Higher
Wednesday, January 31, 2024 - 11:58am | 511Paramount Global (NASDAQ:PARA) shares are trading higher Wednesday following reports suggesting Byron Allen made a $14.3 billion offer to acquire Paramount Global. The Details: According to a report from Bloomberg, Allen Media Group has made a $14.3 billion offer to buy Paramount Global, offering...