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Paramount’s stock and bonds sell off as company seals buyout deal with Skydance Media
Shares of #Paramount closed five percent lower after agreeing to merge with production company Skydance. @MichaelSantoli breaks down the company's performance versus its peers. $PARA https://t.co/v9IJIizfAz
Paramount Global stock fell 5% on Monday as investors absorbed details of the company’s merger agreement with Skydance Media https://t.co/MQ6k9oXEvE
Paramount Global's stock dropped 5% after agreeing to merge with Skydance Media, leading to a sell-off of both stocks and bonds. Investors reacted to the merger agreement details.
