It appears Shari Redstone remains firmly opposed to breaking up Paramount Global.
Redstone, president of National Amusements Inc. — the controlling shareholder of Paramount Global — was “unconvinced” by Apollo Global Management’s $11 billion offer to buy Paramount’s film and TV studio, the Financial Times reported, citing anonymous sources. The reported price tag would be a premium over the market cap of the entire company. Instead, per the FT report, Redstone is preferring to continue negotiating a deal with Skydance’s David Ellison, in partnership with RedBird Capital and Tencent, to sell NAI (and then merge Skydance with Paramount Global).
Shares of Paramount Global were down more than
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