Paramount Stock Jumps After Apollo Reportedly Offers $11 Billion For Studio Segment
APOApollo Management(APO) Investopedia·2024-03-21 06:20

Key TakeawaysParamount Global shares jumped 12% on Thursday after the media company reportedly received an $11 billion offer for its TV and film studio from private equity firm Apollo.The deal would dwarf the company's current valuation of $8.56 billion and would not include other assets such as the company's streaming division.The move follows months of speculation around the company after reports about several offers and potential deals. Paramount Global (PARA) stock jumped Thursday after it was reported ...