Paramount exploring sale of majority stake in Noggin, WSJ reports

Paramount Global is exploring selling a majority stake in its online learning service for preschool children, Noggin, people familiar with the situation told The Wall Street Journal’s Joe Flint and Jessica Toonkel. Paramount, which wants to retain a stake in Noggin, sees an opportunity to develop it into more of an interactive learning platform and is seeking an investor to help it do that, the sources told the Journal. Paramount shares are up 49c, or 2%, to $22.15 in early Monday morning trading following the Journal’s report that was published on April 7, when the market was closed for a holiday. Reference Link