National Amusements — the controlling shareholder of Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA) — has drawn a $125M strategic investment from merchant bank investors, a key infusion that offers some financial breathing room after Paramount’s dividend cut.
Paramount stock (PARA) rose 5.9% after hours.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased