Redstone Reportedly 'Unconvinced' by Apollo's $11 Billion Bid For Paramount's Studio
APOApollo Management(APO) Investopedia·2024-03-22 04:00

Key TakeawaysShari Redstone, Paramount Global's controlling shareholder, is reportedly not sold on Apollo Global Management's $11 billion for Paramount's film and television studio.The Financial Times said Redstone continues to try to strike a deal with media tycoon David Ellison.Shares of Paramount Global jumped Wednesday on the Apollo report, then dropped Thursday on the report. Paramount Global (PARA) shares lost ground Thursday as controlling shareholder Shari Redstone reportedly isn’t interested in an ...