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Depending on the outcome, the Netflix merger may not happen.
Warner Bros. Discovery said Thursday it's valued Paramount Skydance's latest takeover offer as superior to a deal with Netflix, another twist in the ongoing battle for the legacy media assets.
Netflix now has four days to decide whether to raise its offer or bow out of the bidding for Warner Bros.' famed studio and its HBO Max streaming business.
The board of Warner Bros. Discovery released a statement Thursday afternoon declaring that has determined that the previously disclosed proposal from Paramount Skydance Corporation (PSKY) constitutes
Netflix's current offer for Warner Bros. Discovery (WBD) is an all-cash transaction valued at $27.75 per share.
Warner Brothers Discovery's board has officially recognized Paramount's acquisition proposal as a superior offer compared to Netflix's earlier deal. Lucas Shaw reports on "Bloomberg The Close.
Netflix has four business days to try to match Paramount's offer.
CNBC's Julia Boorstin joins 'Closing Bell Overtime' with the latest on the Warner Bros. Discovery bidding war.
Warner Bros. Discovery's board of directors is opening the door to a bidding war between Paramount and Netflix. The board has officially labeled Paramount's latest $31-per-share offer a “company sup
Paramount Skydance may finally have the upper hand on Netflix in the bidding war for Warner Bros. Discovery.
Warner Bros. Discovery deems Paramount Skydance offer superior to Netflix, starting 4-day matching clock
Warner Bros Discovery said Paramount Skydance's revised $31-a-share offer was superior to its existing deal with Netflix, giving the streaming giant four business days to respond or walk away from the
Paramount Skydance needs Warner Bros. Discovery to seriously compete against Google, Amazon, and Netflix, says Laura Martin, entertainment and internet analyst at Needham & Co. She joins Caroline Hyde
Paramount Skydance Corporation faces a double miss in Q4 earnings, with revenue at $8.15B and EPS at -$0.12, amid heavy restructuring costs. Streaming remains the primary growth engine, with Paramount
Paramount Skydance reported fourth-quarter sales and earnings that beat Wall Street projections as Warner Bros. Discovery reported lower fourth-quarter earnings.
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