Paramount stocks soar after UFC deal and ‘meme stock’ comment
Paramount Skydance shares jumped by 37% overnight, after the newly merged company announced a US$7.7 billion deal for exclusive US rights to all UFC fights.
The stock soared throughout Wednesday, hitting a peak of US$17.53 — a 60% leap from the previous day’s closing price — and settling at US$15 by the close of trading.
The uptick comes days after Paramount Skydance announced it had locked in the rights to the UFC from 2026, and comes off the back of a 52-week low on Monday.
