Paramount Global shares are trading higher following a report suggesting Apollo is among PE firms considering a buyout of National Amusements.
Portfolio Pulse from Benzinga Newsdesk
Paramount Global's stock (PARA) is trading higher after reports that private equity firm Apollo is considering a buyout of National Amusements, which is a significant shareholder in Paramount.

January 19, 2024 | 8:59 pm
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Paramount Global's stock is experiencing an increase in value following reports of potential interest from Apollo in acquiring National Amusements, a key shareholder in Paramount.
The news of a potential buyout by a private equity firm like Apollo typically signals a positive market perception, suggesting a possible undervaluation or strategic value in Paramount Global. This could lead to a short-term increase in stock price as investors anticipate a possible acquisition premium. However, since the deal is not confirmed and details are scarce, there is still uncertainty surrounding the impact.
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IMPORTANCE 75
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