Paramount Global shares up on $8B Skydance Media deal

Mon, Jul 8, 2024, 9:49 AM

In this article:

Paramount Global (PARA) stock is trading higher on Monday following the announcement of a merger agreement with Skydance Media. The deal, valued at approximately $8 billion, marks a significant consolidation in the media industry.

Yahoo Finance entertainment reporter Alexandra Canal breaks down the details of this long-anticipated merger.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This article was written by Angel Smith

Heard on the Street: CrowdStrike May Get More Than a Slap
For CrowdStrike, the timing could hardly be worse. CrowdStrike Chief Executive George Kurtz said the issue has been “identified, isolated and a fix has been deployed” and added that it was not caused by a “security incident” or cyberattack. CrowdStrike is one of the most favored stocks in cybersecurity, with buy ratings from 88% of analysts compared to 69% for Palo Alto Networks—the largest pure-play cyber company by annual revenue.
The Wall Street Journal•
Blame One Stock For Most Of Magnificent 7's $1.3 Trillion Loss
Magnificent Seven stocks dumped more than $1.2 trillion in market value in a week. And you can mostly blame one S&P 500 stock.
Investor's Business Daily•
‘Greatest Bubble’ Nearing Its Peak, Says Black Swan Manager
Universa’s Mark Spitznagel, who has made billions from past crashes, sees a last hurrah for stocks before a severe reckoning.
The Wall Street Journal•
75% of Warren Buffett's $416 Billion Portfolio Is Invested in 5 Unstoppable Stocks
Although Buffett oversees a 44-stock, $416 billion portfolio at Berkshire Hathaway, three-quarters of invested assets have been put to work in five brand-name, time-tested businesses.
Motley Fool•
Investors can expect a huge reveal on Nvidia's upcoming earnings call that could silence AI critics, Goldman Sachs says
"We reiterate our Buy rating on NVDA as the meeting reinforced our belief in the sustainability of the ongoing Gen AI spending cycle," Goldman said.
Business Insider•
Prediction: This Will Be the Best-Performing Sector of the Second Half of 2024
One sector has been a major market laggard recently, but it could be set to turn around.
Motley Fool•
Investors should 'run' if Biden pushes this tax hike through: Trump economic adviser
Taxing unrealized capital gains could negatively hurt markets, explains one of former President Donald Trump's economic advisers Stephen Moore.
Yahoo Finance•
The 'greatest bubble in human history' is close to bursting, black-swan investor Mark Spitznagel says
Mark Spitznagel told The Wall Street Journal the government's $34 trillion debt would make the stock-market bubble's impact more extreme.
Business Insider•
This Billionaire Founder Sold Over $13 Billion of His Company's Stock This Year Alone. Should Investors Be Worried?
Large stock sales aren't always what they seem.
Motley Fool•
Is President Biden too old? How his age stacks up against the 7 oldest CEOs on the Fortune 500
The age of chief executives on this list ranges from their late 70s to early 90s.
Fortune•

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Paramount Global shares up on $8B Skydance Media deal

Recommended Stories

Heard on the Street: CrowdStrike May Get More Than a Slap

Blame One Stock For Most Of Magnificent 7's $1.3 Trillion Loss

‘Greatest Bubble’ Nearing Its Peak, Says Black Swan Manager

75% of Warren Buffett's $416 Billion Portfolio Is Invested in 5 Unstoppable Stocks

Investors can expect a huge reveal on Nvidia's upcoming earnings call that could silence AI critics, Goldman Sachs says

Prediction: This Will Be the Best-Performing Sector of the Second Half of 2024

Investors should 'run' if Biden pushes this tax hike through: Trump economic adviser

The 'greatest bubble in human history' is close to bursting, black-swan investor Mark Spitznagel says

This Billionaire Founder Sold Over $13 Billion of His Company's Stock This Year Alone. Should Investors Be Worried?

Is President Biden too old? How his age stacks up against the 7 oldest CEOs on the Fortune 500