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Paramount is reportedly nearing the closure of a significant deal valued at approximately $28 billion, with its Class B shares priced at $21.50 each. The company is considering various strategic options amid financial pressures, including a potential sale of its assets such as the CBS broadcast network, MTV, and the Paramount Plus streaming service. The deal has attracted interest from multiple parties including Byron Allen, who expressed intentions to take the company private. Skydance Media and Allen Media Group are pitted against Sony Pictures and Apollo Global in the bidding process, following Skydance's 'best and final' offer and Sony and Apollo joining the bidding. The future of Paramount's content, with the sunset of Paramount Plus, remains uncertain with potential buyers like Max, Peacock, and Hulu.
There’s always a plan, and then there’s a buyout, then a merger and then there’s a new plan. So whatever they’re saying now is just an idea of one possible plan. Make no mistake, if Sony takes over Paramount, there will be less product and more streamlining.
I bet $WBD ends up with CBS. The idea of combining CNN etc and CBS have been kicking around forever. Plus, it's deal time for Zas. 'Sony and Apollo’s Plan for Paramount: Break It Up' https://t.co/ojoxfWahD4
“.. The plan would see the @CBS broadcast network, cable channels like @MTV and the Paramount Plus streaming service auctioned off, said the people, who asked not to be identified sharing private details.” @BenMullin @LaurenSHirsch $PARA https://t.co/YgyfsUXtFf https://t.co/ablSFEdzXc
