Paramount moves closer to finalizing merger with Skydance: reports - MarketWatch
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The end of Paramount Global’s long and windy road to a sale appeared at hand Sunday, with multiple r...
Original sourceAI Summary
Paramount Global's sale to Skydance Media approved by special committee. National Amusements would be bought first, then merge with Paramount. Potential deal has an equity value of $1.75 billion for National Amusements. Paramount shares rallied 15% in 5 days on sale hopes, down 20% YTD.
Market-Moving
- Paramount Global's sale to Skydance Media approved by special committee.
- National Amusements would be bought first, then merge with Paramount.
- Potential deal has an equity value of $1.75 billion for National Amusements.
Key Facts
- Paramount Global's sale to Skydance Media approved by special committee.
- National Amusements would be bought first, then merge with Paramount.
- Potential deal has an equity value of $1.75 billion for National Amusements.
- Paramount shares rallied 15% in 5 days on sale hopes, down 20% YTD.