Paramount is reportedly nearing the closure of a significant deal valued at approximately $28 billion, with its Class B shares priced at $21.50 each. The company is considering various strategic options amid financial pressures, including a potential sale of its assets such as the CBS broadcast network, MTV, and the Paramount Plus streaming service. The deal has attracted interest from multiple parties including Byron Allen, who expressed intentions to take the company private. Skydance Media and Allen Media Group are pitted against Sony Pictures and Apollo Global in the bidding process, following Skydance's 'best and final' offer and Sony and Apollo joining the bidding. The future of Paramount's content, with the sunset of Paramount Plus, remains uncertain with potential buyers like Max, Peacock, and Hulu.
There’s always a plan, and then there’s a buyout, then a merger and then there’s a new plan. So whatever they’re saying now is just an idea of one possible plan. Make no mistake, if Sony takes over Paramount, there will be less product and more streamlining.
I bet $WBD ends up with CBS. The idea of combining CNN etc and CBS have been kicking around forever. Plus, it's deal time for Zas. 'Sony and Apollo’s Plan for Paramount: Break It Up' https://t.co/ojoxfWahD4
“.. The plan would see the @CBS broadcast network, cable channels like @MTV and the Paramount Plus streaming service auctioned off, said the people, who asked not to be identified sharing private details.” @BenMullin @LaurenSHirsch $PARA https://t.co/YgyfsUXtFf https://t.co/ablSFEdzXc
The End is Near $PARA 1) @paramountplus 2) Skydance/Paramount merger 3) Paramount Acquisition 4) All of the Above https://t.co/jicyvWYFuy
⚡️ More Signs Paramount Will Go it Alone ⚡️ $PARA Katzenberg shocks @mattbelloni at Milken Institute #MIGlobal https://t.co/cO9EKhjPBe
⚡️ More Signs Paramount Will Go it Alone ⚡️ $PARA Katzenberg shocks @MattBelloni at @MilkenInstitute #MIGlobal https://t.co/gfTGPSlb5I
Breaking: Im hearing all sorts of conflicting stuff on @paramountco $PARA but it does make sense that nothing happens; common shareholders will sue the @Skydance deal and Apollo will face lots of turbulence tonget through the regulatory apparatus. That said I have a close source…
$PARA $PARAA @Skydance @AllenMediaGroup Vs. @SonyPictures @apolloglobal 1. Prepare for the “New Gossip” From @CGasparino to be something along the lines of 👇 “I’m currently at the top secret super investor conference where the latest Gossip from the elites is that Byron… https://t.co/ytyPREQDDj
A key debate happening right now: As M&A Rumors Circulate on $PARA, Questions Arise Around its Assets Some background: Skydance reportedly submitted a “best and final” offer to acquire Paramount, which was exclusive until May 3rd. Sony and Apollo have now joined the bidding… https://t.co/nQdiv9dAjY
"We're interested in the entire package. We want to buy out all the shares, take it private and move on from there," says @RealByronAllen on Paramount. "We're open to working with somebody like a Skydance, a RedBird." $PARA https://t.co/bxuMvQmkOw
As Paramount+ is sunset, who gets the content? Max, Peacock, or Hulu? $PARA $WBD $DIS $CMCSA The LightShed Podcast, Ep. 208. With @BrandoLightShed and @WaltLightShed https://t.co/QAjrAGTmzG
So lets assume for a minute @RichLightShed and @CGasparino assumption of $PARA going it alone would play out. We know Shari and NAI are in shambles and need liquidity for Well Fargo debt payment, and this has been confirmed by @MarioGabelli. 1/
Word on the street from sources @RichLightShed and @CGasparino say the deal for Paramount about to close at about 28Bil with $PARA B shares getting $21.50 per sh. Just heard this from industry source in the hallway.