Shares of Paramount Global edged lower Thursday, day three in the red, amid lingering uncertainty around Skydance’s latest offer. With bigger than anticipated sweeteners for Class B shareholders, it was approved by Par’s special board committee and sent on to controlling shareholder Shari Redstone but with no announcement forthcoming. Redstone controls Paramount through family holding […]
(Reuters) – A special committee of the Paramount Global’s board agreed to recommend a deal with Skydance Media, the Wall Street Journal reported on Friday, citing people familiar with the matter. A potential deal could end months of speculation over Paramount’s fate. Reports on takeover offers from Skydance Media and a consortium of Apollo Global […]
This story was first published on the Benzinga India portal. The value of Reliance Industries shares experienced an uptick on Thursday after the announcement of the company’s decision to acquire Paramount Global‘s (NASDAQ: PARA) stake in Viacom18 Media for ₹4,286 crore (approximately $570 million), as per the filing with the exchange by Reliance. Mukesh Ambani’s Reliance Industries’ stake in […]