Paramount Global is currently in the spotlight as it undergoes potential sale discussions, attracting significant attention from various stakeholders. The company, controlled by Shari Redstone, is considering whether to allow investors a vote on the sale, amidst a backdrop of a 9.5% pre-market increase in its stock. Exclusive negotiations are ongoing with David Ellison's Skydance and Gerry Cardinale's Redbird Capital, although another group is also showing interest. The situation is complex, given the strategic importance of Paramount's assets in gaming, music, theatrical content, and global operations. Additionally, Apollo's involvement brings financial engineering expertise and the potential to navigate FCC rules regarding foreign ownership of TV stations.
Even as Paramount Global continues to hold exclusive talks with David Ellison’s Skydance and Gerry Cardinale’s Redbird Capital, another potential buyer group is considering its own moves. https://t.co/WkNM44MUP1
I’ve seen this movie, it doesn’t end well: “The vision it is pitching—to Paramount’s management team, investors, the board—is that Skydance is a growth company that can supercharge Paramount’s assets.” https://t.co/bM5dbp2bVf
Breakingviews - Paramount’s sale cries out for intervention https://t.co/jMHDedVxx5 https://t.co/jMHDedVxx5