Reddit Group With Collective 1 Million Paramount Shares Are ‘Deeply Disturbed' by Potential Skydance Deal [Yahoo! Finance]
Paramount Global - Class A (PARAA)
Company Research
Source: Yahoo! Finance
Global that they are “deeply disturbed by recent reports indicating a potential merger with Skydance Media.” The group's collective 1,000,000 shares amounts approximately 0.15% of Paramount Global's estimated 652,000,000 shares outstanding In a letter shared on Twitter by the Wall Street Journal's Jessica Toonkel, the investors noted that “we have remained loyal to this company for years despite sustained underperformance and missteps.” “Our belief in Paramount's potential, even as the company is down 89% from its high, has sustained our investment,” the investors continued. “We believe in the potential for long-term value creation under CEO Bob Bakish and the current management team.” The investors praised the strategy “the team has implemented since 2022,” and added they are collectively “deeply disturbed by recent reports indicating a potential merger with Skydance Media and the sale of Paramount's controlling shares.” The new, they continued, “appears to cater to the speci
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PARAA
News
- Paramount Global-B (PARA) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
- Paramount Announces CEO Bob Bakish's Exit as Merger Looms [Yahoo! Finance]Yahoo! Finance
- Paramount Global's New Leadership Trio Tell Staff in Memo After Bakish Ouster: ‘We Know This Has Been a Challenging Time' [Yahoo! Finance]Yahoo! Finance
- Shari Redstone, Newly Elevated Execs Address Paramount Staff Following Bob Bakish's Exit, Talk “Stability” & “Challenging Days” Ahead [Yahoo! Finance]Yahoo! Finance
- Paramount (NASDAQ:PARA) Misses Q1 Sales Targets [Yahoo! Finance]Yahoo! Finance
PARAA
Earnings
- 4/29/24 - Beat
PARAA
Sec Filings
- 4/29/24 - Form 10-Q
- 4/29/24 - Form 8-K
- 4/29/24 - Form 8-K
- PARAA's page on the SEC website