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Mon, January 27, 2025
[ Mon, Jan 27th 2025 ]: MSN
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Paramount gets new $13.5 billion offer from investor group

An investor group, including David Ellison's Skydance Media, RedBird Capital Partners, and KKR, has made a $13.5 billion offer to acquire Paramount Global. This proposal includes buying out Shari Redstone's National Amusements, which controls Paramount, for $2 billion, and merging Skydance with Paramount. The deal aims to address Paramount's financial challenges, including a significant debt load and a declining stock price, by infusing new capital and strategic direction. The offer comes amidst Paramount's exploration of strategic alternatives, with other potential suitors like Apollo Global Management and Byron Allen also expressing interest. However, the investor group's proposal is seen as a more comprehensive solution, potentially leading to a significant restructuring of Paramount's operations and leadership.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/entertainment/streaming-movies-and-tv/paramount-gets-new-13-5-billion-offer-from-investor-group/ar-AA1xWKRT ]