Paramount Owner Prefers Skydance Deal to Apollo’s $11B Offer; Hopes to Sell Entire Company Instead of Pieces

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Paramount Owner Prefers Skydance Deal to Apollo’s $11B Offer; Hopes to Sell Entire Company Instead of Pieces

Post by Admin » Fri Mar 22, 2024 2:18 pm

Shari Redstone holds Paramount’s ultimate fate in her hands, and appears to be narrowing her focus to David Ellison’s offer for the company.


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Another day, another update on the potential sale of Paramount Global. Earlier this week, it was reported that the private equity firm Apollo Global Management had offered $11 billion for Paramount’s TV and movie studios, which constitutes a greater sum than the entire company’s current market cap. But a new report from the Financial Times suggests that Paramount’s controlling shareholder Shari Redstone is not convinced by the offer, and is leaning toward a bid by billionaire David Ellison, owner of Skydance Media.

Learn more: https://thestreamable.com/news/paramount-owner-prefers-skydance-deal-to-apollos-11b-offer-hopes-to-sell-entire-company-instead-of-pieces...


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