WBD - Paramount in the Spotlight Apollo Global Management Bids Big For Film and TV Studio | Benzinga
Apollo Global Management Inc (NYSE:APO) has placed an $11 billion bid to purchase the film and TV studio of Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA), outpacing the company’s entire market value of approximately $7.7 billion.
This proposal is part of a broader review by Paramount’s independent committee.
It is also considering a merger offer from Skydance Media, aiming to integrate the entirety of Paramount, including its holdings like CBS and Nickelodeon, the Wall Street Journal reports.
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Paramount’s studio, known for hits like “Top Gun: Maverick” and “A Quiet Place,” has attracted interest from various buyers over the years, including Netflix Inc (NASDAQ:NFLX).
However, Paramount Global’s primary stakeholder, Shari ...