Paramount shares jump after reports of takeover interest
Publishing timestamp: 2023-12-08 12:53:47
Summary
Paramount shares surged after reports of a potential takeover by RedBird Capital and Skydance. The controlling shareholder, Shari Redstone, has been open to making big deals as the company faces declining revenue and streaming losses. Paramount is considering bundling its streaming service with Apple TV+.
Sentiment: POSITIVE
Tickers: PARA,
Keywords: television, media, breaking news: business, paramount global, entertainment, business news,
Source: https://www.cnbc.com/2023/12/08/paramount-para-takeover-interest-reports.html