"Paramount Stock Slumps Amid Skydance Merger Talks"
TL;DR Summary
Paramount Global's stock dropped 8% following reports that a potential merger with Skydance Media could require the company to raise up to $3 billion in new equity, with media mogul Shari Redstone reportedly in exclusive talks to sell her stake to David Ellison. Despite a rejected $26 billion all-cash offer from Apollo Global Management, Redstone is seeking a buyer for Paramount as the company engages in acquisition discussions with Warner Bros Discovery.
- Paramount stock slumps on reports that Skydance merger would require company to raise new equity CNBC
- Redstone Has Tentative Deal to Sell Paramount Stake to Skydance Yahoo Finance
- Paramount Continues Talks With Skydance, Ignoring $26 Billion Offer From Apollo The New York Times
- Paramount’s stock falls as analysts see ‘obstacle course’ in battle for control MarketWatch
- Paramount Stock Gives Back Gains Following Report of Merger Talks With Skydance Barron's
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