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".
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Paramount stock takes off as controlling shareholder gets $125 million cash infusionShares of Paramount were popping in premarket trading Friday after the company's controlling shareholder announced that it received a $125 million investment.
Source: MarketWatch - 🏆 3. / 97 Read more »
Shari Redstone’s National Amusements Receives $125 Million Investment From BDT Capital PartnersNational Amusements, the parent company of Paramount Global, has received a $125 million investment from BDT & MSD Partners, an investment firm that specializes in supporting family-controlled …
Source: Variety - 🏆 108. / 63 Read more »
Shari Redstone’s National Amusements, Paramount Global’s Controlling Shareholder, Gets $125M Investment From BDT Capital PartnersNational Amusements, the controlling shareholder of Paramount Global run by Shari Redstone, has received a $125 million preferred equity investment from BDT Capital Partners. BDT is an affiliate of…
Source: DEADLINE - 🏆 109. / 63 Read more »