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Broadcasting & Cable
Broadcasting & Cable
Business
Jon Lafayette

Paramount Global Stock Jumps on Report of Possible Buyout

Melrose Gate of Paramount studios.

Paramount Global’s stock jumped more than 12% in Friday morning trading amid reports of a possible takeover bid for the media company.

Multiple reports have said that Skydance Media and RedBird Capital Partners have been kicking the tires on Paramount, which is controlled by Shari Redstone and the Redstone family holding company National Amusements.

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