24H | Paramount Surges 9% in Overnight Trading on Reports of New Skydance Deal; Faraday Future Sinks 2%

Tiger Newspress07-03

Paramount Global stock surges over 9% in overnight trading after reports it had reached a preliminary deal to combine with Skydance Media.

The two companies had been in talks before, but those discussions ended last month. The revived deal has Skydance buying National Amusements, which is owned by Shari Redstone, and then merging with Paramount, The Wall Street Journal reported, citing people familiar with the plan.

The deal will be reviewed by a special committee of Paramount’s board, the Journal reported. Skydance is expected to pay $1.75 billion for National Amusements. Both sides have agreed to a 45-day period during which other bidders can submit offers.

Faraday Future Intelligent Electric Inc. drops 2% in overnight trading after falling 6% in previous trading day.

TOP10 gainers in overnight trading:

TOP10 decliners in overnight trading:

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The revived deal has Skydance buying National Amusements, which is owned by Shari Redstone, and then merging with Paramount, The Wall Street Journal reported, citing people familiar with the plan.</p><p>The deal will be reviewed by a special committee of Paramount’s board, the Journal reported. Skydance is expected to pay $1.75 billion for National Amusements. Both sides have agreed to a 45-day period during which other bidders can submit offers.</p><p><a href=\"https://laohu8.com/S/FFIE\">Faraday Future Intelligent Electric Inc.</a> drops 2% in overnight trading after falling 6% in previous trading day.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/02994d88dc813990b0ecf6dceff3b1fd\" tg-width=\"1170\" tg-height=\"2334\"/></p><h2 id=\"id_1428670322\">TOP10 gainers in overnight trading:</h2><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7bcd80f3a5cf15b6a5419de31b5552f4\" tg-width=\"1170\" tg-height=\"2351\"/></p><h2 id=\"id_2329928591\">TOP10 decliners in overnight trading:</h2><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/72cf8b14e547dd9b09db0fec76762026\" tg-width=\"1170\" tg-height=\"2334\"/></p><p></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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