Paramount Global’s stock price shot up more than 10 in early trading Tuesday following the news that Warren Buffett’s Berkshire Hathaway has scooped up more than 2 billion worth of shares in the company in recent months.
Paramount stock opened Tuesday at 28.47 after closing Monday at 28.02, before Berkshire Hathaway’s stock purchases were disclosed in a Securities and Exchange Commission filing.
Berkshire Hathaway has been in an investor in one of Paramount’s predecessor companies, Viacom, in the not-too-distant past. Buffett’s purchases of late suggest that he sees the company as under-valued, or that he expects the company to be involved in M&a.
Click Here to subscribe to Variety’s free Strictly Business newsletter covering media earnings, financial and investment news and more.
Paramount Global, which changed its corporate moniker from ViacomCBS earlier this year, has struggled with the conventional wisdom that the company is too small to...
Paramount stock opened Tuesday at 28.47 after closing Monday at 28.02, before Berkshire Hathaway’s stock purchases were disclosed in a Securities and Exchange Commission filing.
Berkshire Hathaway has been in an investor in one of Paramount’s predecessor companies, Viacom, in the not-too-distant past. Buffett’s purchases of late suggest that he sees the company as under-valued, or that he expects the company to be involved in M&a.
Click Here to subscribe to Variety’s free Strictly Business newsletter covering media earnings, financial and investment news and more.
Paramount Global, which changed its corporate moniker from ViacomCBS earlier this year, has struggled with the conventional wisdom that the company is too small to...
- 5/17/2022
- by Cynthia Littleton
- Variety - Film News
Similar News
WME Hires Julie Haffner as Head of Motion Picture Business Affairs (Exclusive)
- 5/13/2024
- by Katcy Stephan
- Variety Film + TV
Pulp Fiction Turns 30: Why Quentin Tarantino’s Iconoclastic Thriller Deserved the Oscar More Than Tom Hanks’ Forrest Gump
- 5/13/2024
- by Diya Majumdar
- FandomWire
“I’m there for you any day!”: Kevin Costner’s ‘Almost’ Co-Star in The Untouchables Earned the Easiest $200,000 of His Life for Not Playing the Part That Went to Robert De Niro
- 5/13/2024
- by Adya Godboley
- FandomWire
How to Watch the 2024 WNBA Season Live Without Cable
- 5/14/2024
- by David Satin
- The Streamable
NCIS: Hawai’i Star Teams Up With Fans to Save the Show Amid Painful Cancelation
- 5/13/2024
- by benjamin-patel@startefacts.com (Benjamin Patel)
- STartefacts.com
Young Sheldon Just Made the Most Devastating Reference to Tbbt Prior to the Finale
- 5/13/2024
- by virginia-singh@startefacts.com (Virginia Singh)
- STartefacts.com
Platinum Dunes & Blumhouse Set Ed Weeks For Christopher Landon’s Thriller ‘Drop’
- 5/13/2024
- by Anthony D'Alessandro
- Deadline Film + TV
Jordan Klepper to Take on Putin in New Daily Show Special
- 5/13/2024
- by Nick Riccardo
- LateNighter
Desi Lydic Returns to Daily Show Anchor Desk This Week
- 5/13/2024
- by Jed Rosenzweig
- LateNighter
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.
More to explore
Edgar Wright in Talks to Direct ‘Barbarella’ Starring Sydney Sweeney
- 5/13/2024
- by Katcy Stephan
- Variety - Film News
Third ‘Downton Abbey’ Movie Set With Paul Giamatti
- 5/13/2024
- by Mia Galuppo
- The Hollywood Reporter - Movie News
‘Kingdom of the Planet of the Apes’ Swings to $72 Million at Overseas Box Office, Mighty $131 Million Globally
- 5/12/2024
- by Rebecca Rubin
- Variety - Film News
Roger Corman, Pioneering Independent Producer and King of B Movies, Dies at 98
- 5/12/2024
- by Richard Natale and Tim Gray
- Variety - TV News
Seth Meyers Renews NBCUniversal Pact Through 2028
- 5/13/2024
- by Lesley Goldberg
- The Hollywood Reporter - Movie News
Aida Rodriguez: Unpacking My Childhood Traumas Through Comedy Is Cathartic
- 5/6/2024
- by Aida Rodriguez
- Popsugar.com
How Erik Rivera Uses Comedy to Heal and Help Others
- 5/6/2024
- by Miguel Machado
- Popsugar.com
Ian Lara: Comedy Gave Me the Strength to Overcome My Mother's Death
- 5/6/2024
- by Ian Lara
- Popsugar.com
Sasha Merci: How Comedy Has Helped Me Navigate Depression
- 5/6/2024
- by Sasha Merci
- Popsugar.com
Gina Brillon: The Loss of My Grandmother Pushed Me to Pursue Comedy
- 5/6/2024
- by Gina Brillon
- Popsugar.com
Kevin Costner Speaks Out on ‘Yellowstone’ Drama: ‘Paramount and 101 Studios Mismanaged This’
- 5/13/2024
- by Harrison Richlin
- Indiewire
Paul Giamatti, Joely Richardson & Alessandro Nivola Join The Cast of Forthcoming ‘Downton Abbey 3’
- 5/13/2024
- by Martin Miller
- The Playlist
Jason Statham To Star in Baltasar Kormákur’s New Action Film
- 5/13/2024
- by Martin Miller
- The Playlist
‘The Lord of the Rings: The War of the Rohirrim’ First Look Promises Epic Anime Action
- 5/13/2024
- by Christian Blauvelt
- Indiewire
Deleted Marvel Post Seems To Reveal New Title For Upcoming ‘Agatha’ Series
- 5/13/2024
- by Martin Miller
- The Playlist
Edgar Wright in Talks to Direct ‘Barbarella’ Starring Sydney Sweeney
- 5/13/2024
- by Katcy Stephan
- Variety - Film News
‘Kingdom of the Planet of the Apes’ Swings to $72 Million at Overseas Box Office, Mighty $131 Million Globally
- 5/12/2024
- by Rebecca Rubin
- Variety - Film News
Roger Corman, Pioneering Independent Producer and King of B Movies, Dies at 98
- 5/12/2024
- by Richard Natale and Tim Gray
- Variety - TV News
Kevin Costner Speaks Out on ‘Yellowstone’ Drama: ‘Paramount and 101 Studios Mismanaged This’
- 5/13/2024
- by Harrison Richlin
- Indiewire
Paul Giamatti, Joely Richardson & Alessandro Nivola Join The Cast of Forthcoming ‘Downton Abbey 3’
- 5/13/2024
- by Martin Miller
- The Playlist
Carrie-Anne Moss Joins Arnold Schwarzenegger in Season 2 of FUBAR
- 5/13/2024
- by IMDb News
- IMDb News
Third ‘Downton Abbey’ Movie Set With Paul Giamatti
- 5/13/2024
- by Mia Galuppo
- The Hollywood Reporter - Movie News
‘Maxton Hall’ Stars Reveal Season 2 Hopes & Status of Ruby & James’ Relationship After Finale Heartbreak
- 5/13/2024
- TV Insider
‘Dune: Prophecy’ Casts Indian Superstar Tabu (Exclusive)
- 5/13/2024
- by Joe Otterson
- Variety - TV News
Vice President Kamala Harris Drops F-Bomb During ‘Breaking Barriers’ Speech — Watch Video
- 5/13/2024
- by Keisha Hatchett
- TVLine.com