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
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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
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