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8-K: Completion of the previously announced sale of its entire 13.01% interest in Viacom 18 Media Private Limited to Reliance Industries Limited

SEC ·  Nov 14 20:51

Summary by Futu AI

On November 14, 2024, Paramount Global, a media and entertainment company, finalized the sale of its 13.01% stake in Viacom 18 Media Private Limited. The stake was sold to Reliance Industries Limited for a total of $508 million. This transaction is expected to yield Paramount Global an estimated net proceeds of $456 million. The sale was part of a previously announced agreement and has been completed as per the details provided in a Form 8-K report filed with the United States Securities and Exchange Commission.
On November 14, 2024, Paramount Global, a media and entertainment company, finalized the sale of its 13.01% stake in Viacom 18 Media Private Limited. The stake was sold to Reliance Industries Limited for a total of $508 million. This transaction is expected to yield Paramount Global an estimated net proceeds of $456 million. The sale was part of a previously announced agreement and has been completed as per the details provided in a Form 8-K report filed with the United States Securities and Exchange Commission.
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This announcement is a separate document:

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