Paramount's stock jumped after the Wall Street Journal reported a new path for the media giant's merger with Skydance Media is on the table.
Under the new proposed agreement, according to the Journal, Skydance would purchase National Amusements for $1.75 billion and then merge with Paramount , which owns a slew of media assets, including CBS, BET, Showtime, and MTV, along with its namesake studio business and streaming platform.
But what does seem more clear is that Redstone will be protected from the threat of litigation from nonvoting shareholders — a"It looks like, this time around, there is much stronger indemnification language in the agreement that should or could potentially protect her from a lot of the upcoming litigation," Ranganathan said.
The upside in Paramount's stock price, however, signals "how excited that M&A is back again on the table," Ranganathan said. Ask an Advisor: We're 56 With $1.2 Million in Cash and Investments. Can We Afford to Use $60k-$80k Per Year for Retirement?
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