Paramount deal exceeding 26b Apollon offer (21,47$ per share)
Posted: Apr 04, 2024
- Shari Redstone, the controlling shareholder of Paramount Global, is in talks to sell her stake in the company to David Ellison's Skydance Media - The value of Paramount has decreased by over $16 billion due to the decline in the global entertainment industry - Paramount's market capitalization is below $10 billion, but it could be valued at $38.8 billion if its networks, production assets, and DTC business were sold individually - Skydance is in exclusive talks to buy the Redstone family's holding company National Amusements, which owns 77% of the voting shares of Paramount - National Amusements also controls CBS, Nickelodeon, Comedy Central, and owns 800 film screens in the US.
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