Shares of Paramount Global (NASDAQ: PARA) were moving higher today after its controlling shareholder secured a $125 million investment, and it got an analyst upgrade on the news.

As of 1:34 p.m. ET, the stock was up 6.3%.

The Wall Street Journal reported last night that Shari Redstone's National Amusements, the controlling shareholder of the entertainment company, received a $125 million investment from merchant bank BDT MSD Partners.

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Source Fool.com