Most unexpected was Paramount stock’s jump. Wall Street almost always disdains giant acquisitions on the theory that buyers get too excited about big deals and overpay—and indeed, that’s usually what happens. When the deal gets sealed, the buyer’s stock usually drops, but in this case it rose almost 30%. That’s probably because analysts were pleasantly surprised: They had figured Paramount would need to raise its offer from $30 to $32–$34 a share to vanquish Netflix; instead, Paramount offered just $31 and prevailed.
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And this can spill over beyond the venue itself.
Фото: Oleg Petrasiuk / Press Service of the 24th King Danylo Separate Mechanized Brigade of the Ukrainian Armed Forces / Reuters，更多细节参见Safew下载