Paramount (PARA, PARAA) is reportedly in advanced talks for its potential merger with Skydance, while the media company's CEO Bob Bakish is planning his...
Lumley highlights that the timing of the CEO transition"could potentially weigh on" whether the deal will go through. Examining Paramount 's fundamental operations, Lumley notes that the company is trying to find the best way"to stabilize" its core business while also attempting to incorporate streaming revenue — emphasizing that whoever assumes the CEO role will have"a tough job" ahead.
TELUS Corporation is largely controlled by institutional shareholders who own 54% of the companyThe EV maker's CEO met with Chinese Premier Li Qiang over the weekend and won approval to unlock self-driving features. Shopify stock was climbing Monday after an analyst upgraded shares of the e-commerce platform on confidence in growth. Citi analyst Tyler Radke upgraded shares of Shopify to Buy from Neutral, and increased his target price to $105 from $93, which implies a 47% increase in the stock price as of Friday’s close. “Our Deep-Dive analysis into SHOP’s Merchant Solutions business gives us confidence in SHOP’s long-term growth,” Radke wrote in a research note.
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Redstone Has Tentative Deal to Sell Paramount Stake to SkydanceShari Redstone, the controlling shareholder of film and TV giant Paramount Global, has reached a tentative agreement to sell her stake in the company to David Ellison’s Skydance Media, people with knowledge of the situation said.
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Redstone Has Tentative Deal to Sell Paramount Stake to SkydanceRedstone has reached a tentative agreement to sell its stake in Paramount Pictures to Skydance Media, according to people familiar with the matter. The deal would value Paramount at around $9.5 billion, including debt. The agreement is not yet final and could still fall apart. Redstone's National Amusements, which controls both Viacom and CBS, has been exploring options for Paramount as it seeks to streamline its media empire.
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Skydance, Redstone reach tentative deal on Paramount stake: BBGSkydance Media has reached a tentative deal with Shari Redstone to sell her majority stake in Paramount Global (PARA), according to a report from Bloomberg. ...
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Redstone Has Tentative Deal to Sell Paramount Stake to Skydance(Bloomberg) -- Paramount Global, the parent of CBS and MTV, is getting closer to a deal to merge with independent producer David Ellison’s Skydance...
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Paramount Global to enter into exclusive merger talks with Skydance, source saysThe deal talks are more advanced than the offer from Apollo and if successful, would end Shari Redstone’s control of the media empire built by her father
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Paramount shareholders grow increasingly vocal about possible Skydance Media mergerSome Paramount Global investors are speaking out about a possible merger with Skydance Media, calling on the U.S. media conglomerate to look at other options...
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