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".

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