A $26 Billion Media Merger That's Good for Everyone

By Travis Hoium – May 7, 2024 at 11:17AM

NASDAQ: PARA.A

Paramount Global

Market Cap

$14B

Today's Change

(-2.56%) -$0.56

Current Price

$21.35

Price as of May 17, 2024, 4:00 p.m. ET

Paramount needs a strong financial partner, and it may have found one.

Paramount (PARA.A -2.56%) is still looking for an acquirer, and it may have found one, with Sony (SONY 0.43%) coming to the rescue with a $26 billion offer. What will change if Paramount is under Sony? That's what Travis Hoium covers in this video.

*Stock prices used were end-of-day prices of April 4, 2024. The video was published on May 6, 2024.

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Snap, Sony Group, and Walt Disney. The Motley Fool has positions in and recommends Meta Platforms, Netflix, Walt Disney, and Warner Bros. Discovery. The Motley Fool recommends Comcast. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.