Todd Spangler NY Digital Editor Shares of Paramount Global sprang to life ahead of the July 4 holiday on a renewed agreement between Skydance Media and controlling shareholder Shari Redstone that would merge Skydance and Paramount.
On Wednesday (July 3), Paramount’s stock opened up 13% to over $12/share, its highest levels in nearly a month. In early trading, the price settled down to around $11.76-$11.85/share (up 10%).
Last month shares had tumbled after Redstone nixed Skydance’s previous offer on June 11, falling to all-time lows of under $10.
The bump comes after the news Tuesday that Redstone reached a preliminary deal with David Ellison’s Skydance production company — coming three weeks after the previous talks fell apart.
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.