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0.000506947524020592 0.000369549150036881 -0.000369549150037013 -0.00110864745011091 0.00221729490022168 0.00628233555062816 0.00221729490022168 -0.00110864745011091
Stock impact report

Paramount Jumps After Ellison Backstop [Yahoo! Finance]

Paramount Skydance Corporation - Class B (PSKY) 
Company Research Source: Yahoo! Finance
Discovery, easing doubts that had been holding the offer back. The stock rose about 4.3% after Larry Ellison agreed to personally backstop up to $40.4 billion of the group's all-cash proposal. Paramount Skydance kept its $30-per-share offer in place but raised the breakup fee to $5.8 billion if the deal falls through, a move aimed squarely at addressing concerns over deal certainty. Warner Bros. Discovery ( NASDAQ:WBD ) shares gained roughly 3.5%, while Netflix slipped on the news. Warning! GuruFocus has detected 4 Warning Signs with PSKY. Is PSKY fairly valued? Test your thesis with our free DCF calculator. WBD's board had previously favored Netflix's bid, pointing to financing stability as a key factor. With Ellison's guarantee now in play, the board said it will review Paramount Skydance's revised proposal again. CEO David Zaslav confirmed the bid is under review with outside advisers and asked shareholders not to take action yet. The tender deadline runs through Jan. 21. E Show less Read more
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