PARAA - Byron Allen On Paramount-SkyDance Merger: 'We Want To Buy All The Shares Take It Private' | Benzinga
Media magnate Byron Allen has shown interest in acquiring Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA), intending to privatize it before eventually launching an IPO, as revealed on CNBC’s “Last Call.”
What Happened: During a discussion with Brian Sullivan on CNBC on Thursday, Allen talked about the potential merger of Paramount with SkyDance and how it affects his plans to purchase Paramount.
“We are interested in the entire package. We want to buy all the shares, take it private and move on from there. We think the company should be private for now as it repositions itself and then come out later and do an IPO,” Allen stated.
Allen also expressed his readiness to work with SkyDance and Redbird, saying, “We are open to working with SkyDance and Redbird…We are big believers of linear network.”
Upon acquisition, Allen aims ...