2024-02-02 13:08:07 ET
Summary
- Shari Redstone is inclined to sell her Paramount Global stake but appears not in a rush to do so as the current offers apparently do not meet her expectations.
- Both the Byron Allen and Skydance offers for Paramount Global appear to be debt-heavy and may require unloading too many assets in a short timeframe.
- Warner Bros. Discovery could be a better long-term strategic fit for Paramount Global, and other potential buyers like Amazon, Apple, and Comcast may also be interested.
Above: Show her the money -- yes but never forget the Sumner Redstone legacy.
Paramount Global's (PARA) Q4 2023 earnings release is expected on February 28th....
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For further details see:
Paramount: Both Bids Credible But Questionable If Enough To Tempt Shari Now