variety.com
Shari Redstone
Pop
reports
cover
Trade
Digital
UPS
Тикеры
Shari Redstone
Paramount Stock Pops on New Skydance Merger Offer
Reading now: 553
variety.com
variety.comTodd 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
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Report this news
Related News
Celebrities
Locations