Paramount Global shares rise as major shareholder gets $125 million investment deal

  • 📰 Reuters
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Shares of Paramount Global rose by more than 6% on Friday after its controlling shareholder, media mogul Shari Redstone's National Amusements Inc, announced it had received a $125 million investment from a private equity firm.

Toy figures of people are seen in front of the displayed Paramount + logo, in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustration/rose by more than 6% on Friday after its controlling shareholder, media mogul Shari Redstone's National Amusements Inc, announced it had received a $125 million investment from a private equity firm.

"The bull case is that the financial pressure will force PARA [Paramount Global] to find a buyer and shareholders will achieve private market value," Loop Capital analysts said as they upgraded the stock to "hold" from "sell".

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Shari Redstone’s National Amusements Receives $125 Million Investment From BDT Capital PartnersNational Amusements, the parent company of Paramount Global, has received a $125 million investment from BDT & MSD Partners, an investment firm that specializes in supporting family-controlled …
Source: Variety - 🏆 108. / 63 Read more »

Shari Redstone’s National Amusements, Paramount Global’s Controlling Shareholder, Gets $125M Investment From BDT Capital PartnersNational Amusements, the controlling shareholder of Paramount Global run by Shari Redstone, has received a $125 million preferred equity investment from BDT Capital Partners. BDT is an affiliate of…
Source: DEADLINE - 🏆 109. / 63 Read more »