Paramount Stocks Soar as Apollo Global Management Makes $11B Bid

Wednesday, 20 March 2024, 18:36
Paramount Global stocks saw a significant increase following reports of an $11 billion bid from Apollo Global Management. The news, first reported by WSJ, led to a 4.1% rise in PARA stocks and a 3.5% increase in PARAA stocks. This potential acquisition by Apollo has sparked interest and speculation in the market.
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Paramount Stocks Soar as Apollo Global Management Makes $11B Bid

Paramount Global Stock Surge

Paramount Global stock witnessed a remarkable rise on Wednesday afternoon following reports of a bid from Apollo Global Management.

WSJ Report

The Wall Street Journal reported that Apollo Global Management has made an $11 billion offer for Paramount Global, leading to positive movement in stock prices for both PARA and PARAA.

This news has generated significant interest and discussion in the financial market.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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