Lucho2336 @Lucho2336: "$PARA 🟢It seems that..."

Argentina

$PARA (Paramount Global) 🟢It seems that we might finally achieve good profitability with this company I've been investing in for over a year, which nobody valued. Media mogul Byron Allen has made a $14.3 billion offer to buy all outstanding shares of Paramount Global, according to a statement from Allen's company. This signifies an immediate revaluation of 57%, bringing the stock price to $21.5. Although I'm confident that the company's assets are worth more, this could be the beginning of renegotiations for a higher value. In any case, it's a pleasant surprise and could boost the prices of companies like $WBD (Warner Bros Discovery Inc) and $GTN (Gray Television Inc) which are also in my portfolio. "Mr. Byron Allen presented an offer on behalf of Allen Media Group and its strategic partners to acquire all outstanding shares of Paramount Global," says the statement. "We believe this $30 billion offer (including debt and equity) is the best solution for all Paramount Global shareholders and should be taken seriously and carried out." I hope this is the start of a race for renegotiations or offers from other interested parties, as talks about potential acquirers for Paramount have been going on for weeks or months. I even posted a few weeks ago about the possibility that even $AAPL (Apple) might be interested in the acquisition.

4 Mentioned

PARA

Paramount Global

WBD

Warner Bros Discovery Inc

GTN

Gray Television Inc

AAPL

Apple