Latest News of PARAA
Stocks making the biggest moves premarket: Paramount Global, Cava, JD.com and more
Paramount Global stock drops as Edgar Bronfman Jr. withdraws bid, making way for Skydance Media. Cava Group falls due to insider selling. JD.com climbs with $5 billion buyback program. Hershey slides ...
Edgar Bronfman Drops Out of Bidding War for Paramount Global
Edgar Bronfman Jr. withdraws from bidding for Paramount Global after offering $6 billion, losing to Skydance Media's $8 billion bid. Bronfman praises Paramount's assets but exits the process gracefull...
Should You Add Paramount Global (PARA) to Your Portfolio?
Ariel Investments shared its Q2 2024 investor letter on the Ariel Small Cap Value Strategy, discussing Paramount Global's performance and emphasizing a focus on AI stocks for higher returns. The firm ...
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Edgar Bronfman submits roughly $4.3 billion rival bid for Paramount Global
By Reuters | 1 month agoBy Dawn Chmielewski(Reuters) -Veteran media executive Edgar Bronfman Jr. on Monday submitted a roughly $4.3 billion bid in which it would acquire National Amusements, the company that holds a controll...
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Paramount Global, Expedia, Nvidia rise premarket; Array, Elf Beauty fall
By Yahoo! Finance | 1 month agoU.S. stock futures surged on positive labor market data. Paramount Global and Expedia stocks rose, while Array and ELF Beauty stocks fell. Nvidia, SoundHound AI, Take-Two, Disney, Doximity, and Akamai...
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Paramount Global Steels Itself For New Round Of Layoffs As Q2 Earnings Hit, End Of Skydance "Go-Shop" Period Nears
By Yahoo! Finance | 1 month agoParamount Global faces a crucial period with upcoming earnings, closing of the Skydance deal's "go-shop" period, and anticipated layoffs. Analysts predict a revenue decline, focusing on cost-cutting p...
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Paramount Global revenue misses estimates as traditional pay TV continues decline
By CNBC | 1 month agoParamount Global's revenue dropped in the second quarter, missing analyst estimates, but earnings surged due to streaming profits. Paramount+ saw growth in subscribers and higher prices. The company a...
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Paramount Global-B (PARA) Earnings Expected to Grow: Should You Buy?
By Yahoo! Finance | 1 month agoWall Street anticipates an increase in Paramount Global-B's earnings despite lower revenues. Investors should watch for actual results exceeding expectations. The company's upcoming earnings report wi...
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Paramount Global receives all-cash competing bid of up to $43B from...
By New York Post | 1 month agoApex Capital Trust makes a $43 billion all-cash offer to acquire Paramount Global, competing with Skydance Media's deal. The offer includes buying National Amusements' stocks, covering debt, and injec...
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Paramount Global Must Get Skydance Approval for Any Paramount+ Joint Venture or Bundling Deals With Biggest U.S. Streamers
By Yahoo! Finance | 2 months agoSkydance Media's acquisition of Paramount Global revealed contract details including restrictions and a $400 million breakup fee. Paramount has 45 days to seek better offers and needs Skydance's conse...
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Paramount Global Co-CEOs Tell Staff "It's Business As Usual" Until Skydance Deal Closes
By Yahoo! Finance | 2 months agoSkydance Media's $8 billion acquisition of Paramount Global will see David Ellison as the new Chairman and CEO. The current co-CEOs assured staff that it's business as usual until the deal closes in t...
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Skydance Media and Paramount Global Move Closer to Sale Agreement But Deal is Far From Done
By Yahoo! Finance | 2 months agoSkydance Media, led by David Ellison, is progressing towards acquiring Paramount Global following a positive vote by Paramount's board. However, a formal takeover deal is still pending approval from P...
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Stocks making the biggest moves midday: Paramount Global, Tesla, MGM Resorts and more
By CNBC | 2 months agoParamount Global surged 9% on news of a merger deal, while Tesla rose 6% with strong Q2 deliveries. MGM Resorts gained 3.5% due to positive analyst coverage, but Constellation Brands fell 2.5% on lowe...
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Paramount Global (PARA) Stock Price, News, Quote & History
By Yahoo! Finance | 2 months agoPlay.Works has launched "SpongeBob Bounce" on Roku, soon on other CTV platforms. Developed under Paramount Game Studios' license, the game features SpongeBob SquarePants, optimized for TV screens. Par...
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Paramount Global set to ax more employees after 'unacceptable' profit...
By New York Post | 3 months agoParamount Global's bosses announced upcoming layoffs as part of a $500 million cost-cutting plan to improve declining profitability. The company is also revamping Paramount+ and considering asset sale...