Paramount Stock Surges in 2025 Amid Exclusive Sale Talks with Skydance - Market Buzz

Highlights to Know

• Paramount Global’s stock is gaining momentum in early trading in 2024 after reports of exclusive sale discussions with Skydance Media.
• According to the New York Times, Paramount is narrowing its sale talks exclusively to Skydance, moving away from previous suitors like Apollo Global Management and Byron Allen.
• Skydance has a longstanding partnership with Paramount, co-producing blockbuster films such as the "Mission: Impossible" series and "Top Gun: Maverick."

Paramount Global (PARA) is experiencing a notable premarket stock increase in 2024 following news that the media powerhouse is focusing its sale negotiations exclusively with Skydance Media.

This exclusivity indicates that both parties are progressing toward a definitive agreement, sidelining other interested investors including Byron Allen, Warner Bros. Discovery, and private equity firms like Apollo Global Management and RedBird Capital Partners.

The New York Times revealed that David Ellison, founder of Skydance and son of tech magnate Larry Ellison, has recently engaged with Paramount’s board to present his vision for a potential acquisition. The prospective deal reportedly involves Skydance acquiring National Amusements—the holding company controlling Shari Redstone's shares in Paramount—and then merging with Paramount.

For years, Skydance and Paramount have collaborated on major productions, strengthening their alliance through successful projects like the "Mission: Impossible" franchise and "Top Gun: Maverick." Paramount’s portfolio also includes TV networks such as CBS and Nickelodeon, alongside its streaming platform Paramount+.

While some offers have targeted parts of Paramount’s business—for instance, Apollo’s $11 billion bid for the film and TV studios—the Paramount board appears inclined toward a comprehensive deal encompassing the entire company.

Speculation about mergers and acquisitions has buoyed Paramount’s stock recently, which has struggled since dropping from nearly $100 to just above $40 in March 2021, back when the company was known as ViacomCBS.

Paramount and Skydance have yet to comment publicly on the ongoing negotiations.

Despite a nearly 20% decline this year, Paramount’s shares rose approximately 2% in premarket trading hours, closing at $11.76 on the previous day.

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