"Apollo Distancing Orbit From National Amusements Buyout As The Pursuit Of Paramount Global Continues – The Dish" - Deadline
Portfolio Pulse from Benzinga Newsdesk
Apollo Global Management is reportedly stepping back from considering a buyout of National Amusements, a key player in controlling Paramount Global, due to regulatory concerns highlighted by the FCC's rejection of a similar deal. The situation remains fluid, with other parties like David Ellison's Skydance Media and Byron Allen still interested in parts of Paramount Global. Regulatory approval, not capital, is deemed the main hurdle for acquiring Paramount Global or National Amusements.
February 12, 2024 | 8:46 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Paramount Global, under potential acquisition interest, sees Apollo Global Management withdrawing due to regulatory concerns, while other parties remain interested.
Apollo's withdrawal highlights regulatory challenges in acquiring Paramount Global, potentially affecting its stock as the market reacts to the evolving acquisition landscape and remaining interest from parties like Skydance Media and Byron Allen.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90