Paramount Global premarket surges 10.91% after parent National Amusements and Skydance Media announce merger terms; BET sale discussions also underway.
ByAinvest
Wednesday, Jul 3, 2024 7:15 am ET1min read
PARAA--
Paramount Global surges 10.91% in premarket after parent company National Amusements announces merger agreement with Skydance Media, resolving previous month's deadlock. Under the terms, Skydance will acquire NAI for $17.5 billion, and Paramount Global is in exclusive talks to sell BET subsidiary, led by Scott Mills and Chinh Chu, for a price range of $16-$17 billion.
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