Reported 7 months ago
Despite a positive start in conversations with Skydance, National Amusement decides to end talks, aiming to pursue a potential sale of just National Amusements. Possible buyers like Stephen Paul and Edgar Bro are interested, but no agreements being finalized have led to a 10% drop in share value due to uncertainty. Analysts predict no sale by year-end, and investors are cautious about the future of Paramount amidst ongoing discussions and potential outcomes.
Source: YAHOO