Paramount shareholders grow increasingly vocal about possible Skydance Media merger [Globe and Mail, The (Toronto, Canada)]
Paramount Global - Class A (PARAA)
Company Research
Source: Globe and Mail, The
Skydance, the studio that partnered with Paramount Pictures on such hits as Top Gun: Maverick , has been conducting exclusive talks with Paramount Global, the entertainment giant controlled by Shari Redstone. Not all shareholders are enthusiastic. One long-term shareholder on Thursday voiced concerns about investors getting a “raw deal,” while another, Ariel Investments, is pushing for a more thorough review of all alternatives, arguing shareholders would benefit, according to the firm's spokesperson. Paramount did not respond to requests for comment. Paramount entered into a 30-day exclusive negotiating period with Skydance, as a special committee of the board evaluates the possible acquisition of the smaller independent studio in a stock deal worth $4-billion to $5-billion. Skydance is negotiating separately to acquire National Amusements, a company that holds the Redstone family's controlling interest in Paramount, according to a person familiar with the deal terms. That
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PARAA
News
- Paramount Global ousts CEO Bob Bakish, replaces him with trio of execs as it eyes Skydance merger [Yahoo! Finance]Yahoo! Finance
- 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
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