Paramount Stock Takes 5% Hit After Reports of Sony ‘Rethinking' Bid [Yahoo! Finance]
Paramount Global - Class A (PARAA)
Company Research
Source: Yahoo! Finance
On CNBC's “Power Lunch, ” reporter David Faber cited sources that said that Sony was “rethinking” its current bid of $26 billion alongside Apollo to acquire Paramount. Following the report, Paramount's stock dipped 5% and is currently at $12.35/share in after-hours trading. “The likelihood of a bid at least for the full company seems to be fading a bit,” Faber said. “There has not been an NDA signed by Sony at this point, a nondisclosure agreement that you would typically sign so you can begin real due diligence.” Other factors Sony may be weighing include the current weakness of the Japanese yen and the company's recently reported 7% drop in profit for the 2023 fiscal year. Faber noted that Sony may be simply considering a restructuring of its bid, possibly to “take control of [Paramount parent company National Amusements] and therefore exert control over the combined company in that way.” The studio is also weighing a potential bid from one of its production partners, Skydanc
Show less
Read more
Impact Snapshot
Event Time:
PARAA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PARAA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PARAA alerts
High impacting Paramount Global - Class A news events
Weekly update
A roundup of the hottest topics
PARAA
News
- WNBA viewership soars to new record, while attendance hits more than two-decade high [CNBC]CNBC
- Universal's Stunning Film Campus Upgrade Built to ‘Sustain the Next 100 Years,' Comcast CEO Brian Roberts and NBCU Content Chief Donna Langley Say [Yahoo! Finance]Yahoo! Finance
- For Wall Street deal makers, the billion-dollar bangers are back [Business Insider]Business Insider
- Scripps News To Cut More Than 200 Jobs, Scale Back National News Programming Amid “Difficult” Linear TV Advertising Market [Yahoo! Finance]Yahoo! Finance
- The Hollywood Cuts Keep Comin' As Disney Does Another Worker Cleanse [Forbes]Forbes
PARAA
Earnings
- 8/8/24 - Beat
PARAA
Sec Filings
- 8/27/24 - Form 4
- 8/27/24 - Form 425
- 8/27/24 - Form 8-K
- PARAA's page on the SEC website