Argus Downgrades Paramount Global (PARA) to Sell

Paramount Global (PARA) stock gains premarket following takeover talk reports

May 6, 2024 7:27 AM EDT

After falling 7% Friday, Paramount Global (NASDAQ: PARA) shares are up more than 2% premarket Monday.

Reports emerged that at the end of last week Sony and private equity firm Apollo Global said they intend to make a $26 billion cash offer for the company.... More

Paramount Global (PARA) cut at Seaport as deal headlines cloud fundamental view

May 3, 2024 8:56 AM EDT

On Friday, Seaport Research Partners lowered its rating on Paramount Global (NASDAQ: PARA) to Neutral from Buy. The firm cited the increasing complexity and potential volatility surrounding the company's corporate structure as reasons for the downgrade. Paramount Global's stock has seen appreciation, bringing it closer to the firm's target price, amidst rumors of an all-cash offer from a Sony/Apollo partnership.

The firm has decided not to alter its estimates for... More

Loop Capital Comments on Paramount Global (PARA)

May 3, 2024 7:24 AM EDT

Loop Capital analyst Alan Gould reiterated a Sell rating and $9.00 price target on Paramount Global (NASDAQ: PARA).

The analyst comments "It is not surprising that Sony/Apollo have made a nonbinding expression of interest right before the Skydance exclusive negotiating... More

Paramount will let exclusive talks with Skydance lapse

May 3, 2024 5:00 AM EDT

By Dawn Chmielewski

(Reuters) -Paramount Global will end exclusive negotiations with Skydance Media without a deal, according to a person familiar with the discussions, allowing it to evaluate a rival bid for the home of "Mission: Impossible" and "SpongeBob SquarePants".

Shares of Paramount rose 3% in extended trading.

A special committee of the Paramount board, created to evaluate offers for the company, has been holding exclusive deal talks with Skydance Media. That period of exclusivity was due to end at midnight eastern U.S. time on Friday (0400 GMT Saturday).

An eleventh-hour overture from Sony Pictures Entertainment... More

Seaport Global Securities Downgrades Paramount Global (PARA) to Neutral

May 3, 2024 4:57 AM EDT

Seaport Global Securities analyst David Joyce downgraded Paramount Global (NASDAQ: PARA) from Buy to Neutral.

For an analyst ratings summary and ratings history on Paramount Global click here. For more ratings news on Paramount Global click here.

Shares of Paramount Global closed at $13.86 yesterday.

... More

Paramount stock surges on reports of a $26 billion bid by Sony and Apollo

May 2, 2024 3:15 PM EDT

Sony Pictures (NYSE: SONY) and Apollo Global Management have placed a $26 billion all-cash bid to acquire Paramount Global (NASDAQ: PARA), the Wall Street Journal reported Thursday.

The offer, marking the second attempt by Apollo to purchase the... More

Sony, Apollo Make $26B All-cash Offer for Paramount - WSJ

May 2, 2024 1:34 PM EDT

(Updated - May 2, 2024 1:37 PM EDT)

Sony (NYSE: SONY), Apollo (NYSE: APO) Make $26B All-cash Offer for Paramount (NASDAQ: PARA) - WSJ

Sony Pictures and private-equity giant Apollo Global... More

Paramount Global (PARA) PT Lowered to $14 at Citi

May 1, 2024 4:44 PM EDT

(Updated - May 1, 2024 4:45 PM EDT)

Citi analyst Jason Bazinet lowered the price target on Paramount Global (NASDAQ: PARA) to $14.00 (from $15.00) while maintaining a Buy rating.

The analyst comments "Paramount shares remained under pressure as a potential Skydance transaction may be... More