Even with a takeover offer, Paramount may still prove to be a losing bet

Paramount Global had its best day since November, then came crashing down. The $11 billion studio deal is in doubt, according to a report. Paramount Global and Paramount Global have been in talks over the deal, but the deal fell through, it's unclear if the deal will go through.

Paramount got a boost after reports of a takeover offer, but it could still be a rare losing bet for Berkshire Hathaway. Even with a takeover, it may still prove a rare winning bet for Hathaway's biggest institutional investor, Berkshire Hathway says. The company is expected to buy Paramount in the next few years.