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Paramount Global stock rises on report Skydance may partner on buyout bid

Clyde Edgerton by Clyde Edgerton
January 25, 2024
in Markets
Paramount Global stock rises on report Skydance may partner on buyout bid
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Paramount Global shares rose 3% in premarket trade, as CNBC reported that David Ellison’s Skydance Media is interested in leading a deal to buy the media company. The report said Skydance is working with RedBird Capital Partners and KKR on a deal that would include buying Shari Redstone’s National Amusements, which holds 77% of Paramount’s voting stock.



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