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Paramount Global (PARA)
After hours:
| Previous close | 12.26 |
| Open | 12.25 |
| Bid | 13.11 x 100 |
| Ask | 13.95 x 1700 |
| Day's range | 12.06 - 13.99 |
| 52-week range | 10.12 - 19.04 |
| Volume | |
| Avg. volume | 20,366,272 |
| Market cap | 9.659B |
| Beta (5Y monthly) | 1.78 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -1.13 |
| Earnings date | 29 Apr 2024 |
| Forward dividend & yield | 0.20 (1.63%) |
| Ex-dividend date | 17 Jun 2024 |
| 1y target est | 12.96 |
- Yahoo Finance Video
Paramount pops on reports of Apollo, Sony $26B takeover bid
Shares of Paramount (PARA) experienced a surge in Thursday's trading session after reports that Sony (SONY) and Apollo Global (APO) have submitted a $26 billion all cash takeover offer for the media giant. Yahoo Finance's Alexandra Canal dives into the details of the proposed deal. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith Disclosure: Apollo Global Management is the parent company of Yahoo and Yahoo Finance.
- Yahoo Finance Video
Paramount shareholder raises dilution concerns in Skydance bid
Paramount Global (PARA) is caught in the middle of a bidding war between Skydance Media and a joint offer from Sony (SONY) and Apollo Global Management (APO). Paramount CEO Bob Bakish has stepped down from his role, replaced by an "Office of the CEO" consortium comprised of three chief executives from across Paramount's top broadcast networks. Ariel Investments Co-CEO John Rogers, who is also a Paramount shareholder, finds Bakish's ousting to be a "pretty extraordinary" event during major M&A talks. Rogers sits down with Catalysts to share his thoughts on these headlines and what is ultimately being offered by prospective bidders. "We really do believe that Apollo, from what we've read, again, has a much stronger deal... Apollo has plenty of cash, a potentially great partner with Sony. it just makes much more sense to have those kind of experienced hands take over this company, pay out all of us A&B shareholders, get cash for our shares — it makes all the sense," Rogers says. "Skydance is an up-and-coming company, it's smaller. It's something we don't know whether it can work, but the price they're willing to pay and the valuations that we've seen, it's just a significant discount from the value we would get from Apollo." Rogers also weighs in on what to expect from Berkshire Hathaway (BRK-A, BRK-B) CEO Warren Buffett at the company's annual shareholders meeting on Saturday, May 4. Disclosure: Apollo Global Management is the parent company of Yahoo and Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
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