Posted 4/4/2024, 8:08:20 PM
Paramount Stock Drops As Complicated Skydance Merger Talks Trigger Backlash
- Paramount stock dropped over 8% on Thursday after reports it entered merger talks with Skydance
- Barry Diller said "it's the worst time in the world to sell" Paramount due to need to turn itself around
- Paramount rejected a $26B all-cash offer from Apollo earlier
- Skydance aims for a two-step deal to buy National Amusements' 77% voting stake first
- Analysts are skeptical the complicated Skydance deal can get done, hurting current Paramount shareholders