Paramount stock falls 7% as buyout saga appears to finally reach conclusion

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Paramount stock falls 7% as buyout saga appears to finally reach conclusion
Skydance MediaEdgar BronfmanParamount
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Paramount Global's messy merger drama finally appears to have reached its conclusion.

) fell over 7% on Tuesday after the company announced the official end of its "go-shop" period, as billionaire Edgar Bronfman Jr.

The Skydance transaction is expected to close in the first half of 2025, subject to regulatory approval. The Prime Minister, Justin Trudeau, today announced that the Governor General of Canada, Her Excellency the Right Honourable Mary Simon, will travel to Paris, France, from August 27 to September 1, 2024, to attend the Paris 2024 Paralympic Games.The PGA Tour postseason could use a change in scenery. Along with starting the FedEx Cup finale with a two-shot lead, the top player would get to choose where to play the Tour Championship.

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Skydance Media Edgar Bronfman Paramount Paramount Global Charles Phillips Shari Redstone Holding Company

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