Apollo Global Management’s $11 billion bid to buy Paramount Global’s film and television assets on Wednesday is the most serious offer yet for the struggling entertainment conglomerate and has likely ignited a bidding war with David Ellison’s Skydance Media and any other possible suitors for the legendary Hollywood brand.
Key points including:
Apollo’s Bid: Apollo Global Management has made an $11 billion offer for Paramount’s film and TV assets, excluding CBS, Paramount+, and cable networks. Skydance’s Interest: Skydance Media, along with RedBird Capital, is also interested in Paramount and has made an undisclosed offer.
Redstone’s Dilemma: Shari Redstone, non-executive chair of Paramount and president of National Amusements, faces a tough decision regarding the sale, aiming to preserve her father’s legacy.
Analysts’ Views: Analysts believe Paramount is worth more if sold in parts, and Apollo’s bid may be too good to ignore, potentially leading to a profitable deal.
For detailed analysis and opinions on the situation, click HERE
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