2024-02-01 13:47:07 ET
Summary
- Interested parties are lining up as Paramount Global's independent committee begins strategic review.
- We estimate Paramount to be worth at least $32.5 per share, before control premium.
- 28 Feb is results day; Paramount may update on committee's insights, if not before.
On 31 st Jan 2024, Byron Allen announced its intention to make an offer for Paramount Global (PARA) (PARAA), worth ca. $30bn including debt. Byron, get in line. The media tycoon is joined in the group of interested parties by David Ellison’s Skydance Media, Apollo Global Management, Warner Bros. Discovery ( WBD ) and Apple (AAPL) - and possibly others - who have all been allegedly thinking of taking the whole company or parts thereof....
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Paramount Global Is Open For Sale: Take A Position