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

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".

Nigeria Nigeria Latest News, Nigeria Nigeria 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 »