Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Apex Capital Trust, an investment firm, has submitted a competing all-cash offer to acquire Paramount Global for up to $43 billion. The offer includes the purchase of 100% of National Amusements Inc.'s (NAI) capital stock and assumes $15.8 billion in debt. Additionally, Apex has committed to infusing about $10 billion into Paramount's working capital post-closing. Paramount has until August 21 to evaluate competing offers that could be superior to Skydance's deal. The offer also includes a payment of a $400 million breakup fee to Skydance and facilitates a 'go-shop' provision.
Apex Capital Trust Submits $43 Billion Bid for Paramount Global, Including Payment of $400 Million Breakup Fee to Skydance https://t.co/INsu1aEDXD via @variety
Apex Capital Trust, a conglomerate of financial institutions and financial services providers, has announced that it had submitted a competing offer to purchase Paramount Global shares with a total commitment of up to $43 billion. https://t.co/zbjENWiHtM
Apex Capital Trust Submits $43 Billion Bid for Paramount Global, Including Payment of $400 Million Breakup Fee to Skydance https://t.co/zbjENWi9Ee
