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Paramount (PARA)-Skydance Deal: Here's What Investors Need to Know
Heard on the Street Tuesday Recap: Riding the Wind -- WSJ
By Heard Editors Brent crude prices surged to a high of $87.44 a barrel on Tuesday, before settling at $86.24, on concerns surrounding the quickly intensifying Hurricane Beryl that is hitting the Car
Tesla, Paramount Global, Annovis Bio, Eli Lilly, Amazon: Why These 5 Stocks Are On Investors' Radars Today
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Paramount is reportedly in talks to sell its television channels, with the deal expected to involve over $1.6 billion.
On July 3rd, according to sources, Paramount Universal has entered into exclusive negotiations with a consortium including BET CEO Scott Mills and Chinh Chu for the sale of its Black Entertainment Television (BET) subsidiary, which may be priced between $1.6 billion and $1.7 billion. It is reported that the consortium had previously offered to acquire BET for slightly less than $2 billion. Subsequently, Shari Redstone, controlling shareholder of Paramount, flagship company National Amusements I.
US Stocks Update | Paramount Universal surged more than 8% after-hours, Skydance reportedly will acquire Paramount's parent company NAI.
On July 3rd, GeLongHui|PARA.US rose more than 8% in post-market trading, reaching $11.58. According to The Wall Street Journal, Shari Redstone, controlling shareholder of Paramount Global, has reached a preliminary agreement with Skydance, controlled by David Ellison, to sell the family flagship company National Amusements Inc (NAI). As part of the agreement, Skydance will purchase NAI from Redstone for $1.75 billion.
Express News | Paramount Global-B's overnight gains exceeded 7%. According to The Wall Street Journal, Skydance Media has reached a preliminary agreement to acquire Shari Redstone's family company National Amusements and merge with Paramount Global.