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