Paramount and Skydance inch closer to a merger as key hurdle looms, sources say [MSNBC.com]
Paramount Global - Class A (PARAA)
Company Research
Source: MSNBC.com
In this articlewatch nowVIDEO1:4801:48Paramount and Skydance inch closer to a merger as key hurdle loomsClosing BellParamount GlobalParamount Global's special committee, in charge of accepting or rejecting transactions, and David Ellison's Skydance , backed by private equity firms KKR and RedBird Capital Partners, are narrowing in on how to value Skydance's assets as part of a merger, as well as how much equity to add to the company as part of a recapitalization, the people told CNBC.The sides are close to agreeing on a value for Skydance, said the people, who asked not to be named because the discussions are private. The entertainment company would be valued at around $5 billion and merged with Paramount Global, they said. Skydance CEO Ellison and the private equity firms plan to raise roughly $4.5 billion to $5 billion in new equity, the people said; some of that — about $2 billion — would be used to pay Redstone, and another substantial portion would be used to pay down debt.The bu
Show less
Read more
Impact Snapshot
Event Time:
PARAA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PARAA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PARAA alerts
High impacting Paramount Global - Class A news events
Weekly update
A roundup of the hottest topics
PARAA
News
- Spotify's Podcast Studio Head McNamara to Leave the Company [BNN Bloomberg (Canada)]BNN Bloomberg
- Sony's Plans for Paramount Include Sale of Famous Studio Lot [Yahoo! Finance]Yahoo! Finance
- Sony's Plans for Paramount Include Sale of Famous Studio Lot [BNN Bloomberg (Canada)]BNN Bloomberg
- Two studies find an increase in mental health portrayals on TV, and they're more positive [Los Angeles Times (CA)]Los Angeles Times
- Sony and Apollo’s Plan for Paramount: Break It Up [The New York Times]The New York Times
PARAA
Earnings
- 4/29/24 - Beat
PARAA
Sec Filings
- 5/3/24 - Form 8-K
- 4/29/24 - Form 10-Q
- 4/29/24 - Form 8-K
- PARAA's page on the SEC website