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APO Jul 2024 50.000 call
| Previous close | 60.49 |
| Open | 60.49 |
| Bid | 61.70 |
| Ask | 66.00 |
| Strike | 50.00 |
| Expiry date | 2024-07-19 |
| Day's range | 60.49 - 60.49 |
| Contract range | N/A |
| Volume | |
| Open interest | 55 |
- Yahoo Finance Video
Paramount deal talks: How investors are viewing risks
Paramount Global (PARA) has entered into acquisition talks with Sony (SONY) and Apollo Global Management (APO), who proposed a joint bid of $26 billion to buy the media company. Last week, Paramount CEO Bob Bakish stepped down for his chief executive role while Paramount ended its exclusive talks with Skydance Media last week. MoffettNathanson Managing Director and Equity Research Analyst Robert Fishman joins Catalysts to give insight into a potential deal for Paramount. "There's lots of uncertainty that comes to play with all these different scenarios, and there's some risks involved in that too," Fishman says. "So, as an independent shareholder, really, you've been swung around and trying to understand how the future of this can go, because as an independent company going forward, there are still significant challenges ahead, and that includes fundamental challenges on the business that we follow. " Yahoo Finance Executive Editor Brian Sozzi sat down with Apollo Global Management CEO Marc Rowan at the 2024 Milken Institute Global Conference, discussing Apollo's search for value through this Paramount deal. Note: Apollo Global Management is Yahoo's parent company. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
- Reuters
REFILE-UPDATE 1-Paramount will let exclusive talks with Skydance lapse, NYT reports
Paramount Global will end its exclusive negotiations with Skydance Media without reaching a deal, the New York Times reported on Friday, citing people familiar with the matter. Shares of the media giant rose 3% in extended trading. A special committee of Paramount's board, which was established to evaluate the media company's options, spent months negotiating with Skydance and its partners, Redbird Capital and KKR.
LA TimesDeal or no deal for Paramount? Here are the options on the table
Paramount's 30-day window to negotiate exclusively with Skydance is closing without a deal and Sony is waiting around the hoop. What's next?
