Financial Times Reported Earlier: Shari Redstone Prefers Skydance Deal To $11B Apollo Bid For Paramount Studio
Portfolio Pulse from Charles Gross
Shari Redstone, a key figure in the ownership of Paramount Studio, reportedly prefers a deal with Skydance over an $11 billion bid from Apollo Global Management. This preference could influence the future ownership and strategic direction of Paramount Studio.
March 21, 2024 | 9:38 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Apollo Global Management's $11 billion bid for Paramount Studio may be less favored compared to a deal with Skydance, as indicated by Shari Redstone's preference.
Shari Redstone's preference for Skydance over Apollo's bid suggests a potential setback for Apollo Global Management's acquisition plans, which could negatively impact investor sentiment towards APO in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Paramount Studio, under the influence of Shari Redstone, may lean towards a deal with Skydance rather than accepting Apollo Global Management's $11 billion offer.
Shari Redstone's preference for a deal with Skydance over Apollo's bid could lead to a more favorable outcome for Paramount Studio, potentially boosting investor confidence in PARA.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90