DailyBubble News
DailyBubble News

M&A News: Skydance Isn’t Out of the Paramount (NASDAQ:PARA) Hunt Yet

The Paramount merger deal is attracting attention from Sony, Apollo Global Management, and Skydance Media. Talks are ongoing, with Paramount’s shares down over 3% in Tuesday afternoon’s trading.

Paramount is in discussions with Sony, Apollo, and Skydance once again. Despite previous challenges in reaching a deal with Skydance, a $26 billion all-cash offer is still on the table. However, regulatory hurdles and the current election season may impact the outcome of any potential merger.

Skydance is actively seeking support from Hollywood’s top companies to bolster its position in the deal. While some industry insiders are wary of consolidation, citing the need for multiple content distribution channels, others believe that a Sony/Apollo/Paramount merger could limit options in the market.

On Wall Street, analysts have a Hold consensus rating on PARA stock, with a mix of Buy, Hold, and Sell recommendations. Despite a 23.16% decline in share price over the past year, the average price target of $13.29 per share suggests a 3.02% upside potential.

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x