Paramount stock drops after company agrees to Skydance merger

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 66 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 51%
  • Publisher: 63%

Shari Redstone أخبار

Skydance Media,National Amusements,Holding Company

Paramount's messy merger journey has finally reached its conclusion.

Paramount shares dropped about 3% in midday trading the following day as investors digested the terms of the new deal, which includes Skydance first acquiring NAI for $2.4 billion in cash before completing a full merger.

Skydance, which will be valued at $4.75 billion following the all-stock deal's completion, said it will inject $6 billion of cash into Paramount with $1.5 billion going directly into its debt-ridden balance sheet. "I think a lot of us in the business know we got to run these businesses in a different way as they decline," he continued, adding the goal is to focus on future cash flow generation.

"One area that remains unclear is how much of the new company Skydance would hold onto," Third Bridge analyst Jamie Lumley wrote in a note to clients. "We’ve heard from our experts for a while that the best strategy for Paramount is to spinout non-core assets."over the Skydance deal. He has since been replaced by an “Office of the CEO” consortium made up of three company division heads.

BlackRock acquired Preqin for $3.2 billion this week, making Mark O'Hare and his wife billionaires. Now, he's passing some of the wealth to employees.The farm-equipment manufacturer will lay off about 600 employees across three US factories as it shifts production to a newly planned facility in Ramos, Mexico.

“I think, a year from now, we have three $4 trillion market cap companies: Nvidia, Apple, Microsoft,” Wedbush tech analyst Dan Ives told Fortune.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 47. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Paramount Global owner calls off merger talks with Skydance MediaNEW YORK (AP) — National Amusements, which owns a majority voting stake in embattled entertainment giant Paramount Global, said Tuesday that it has ended...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

What's next for Paramount after demise of Skydance mergerParamount's future now hangs in the balance after Shari Redstone ended merger talks with Skydance Media.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »