Deadline Reported Skydance Boss David Ellison and RedBird Capital Have Approached 77% Paramount Shareholder National Amusements Regarding A Potential Deal
Portfolio Pulse from Benzinga Newsdesk
Skydance Media's CEO David Ellison and RedBird Capital are reportedly in talks with National Amusements, the majority shareholder of Paramount Global, about a potential deal. National Amusements holds a 77% stake in Paramount Global.
December 08, 2023 | 1:41 pm
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Paramount Global, under the ticker PARA, could be impacted by potential acquisition talks involving its majority shareholder, National Amusements, with Skydance Media and RedBird Capital.
The news of potential acquisition talks usually leads to speculation about future corporate actions, which can positively influence the stock price of the company in question. As Paramount Global is the subject of the talks, this could lead to increased investor interest and a potential short-term rise in stock price.
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