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Paramount Global Shares Pop After Byron Allen Makes Offer To Buy Company
Shares of Paramount Global popped in early trading after news that Byron Allen has offered a deal worth $30 billion to acquire the company, which has been in play since last fall. The stock is up n…
Shares of Paramount Global popped in early trading after news that Byron Allen has offered a deal worth $30 billion to acquire the company, which has been in play since last fall. As Deadline reported, the media mogul and owner of The Weather Channel, who last year went after BET when that asset was on the table, has expanded his offer to take over the Shari Redstone-controlled company. Asked by about deal chatter by a staffer directly during his live appearance, Bakish acknowledged rival companies were “kicking tires,” which he called “a testament to the great work” done by the Paramount Global team,” he said in a staff memo.
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