{"id":77346,"date":"2024-03-12T09:28:48","date_gmt":"2024-03-12T14:28:48","guid":{"rendered":"https:\/\/equitynewsreport.com\/apollo-and-paramount-in-talks-over-a-potential-deal-report\/"},"modified":"2024-03-12T09:28:48","modified_gmt":"2024-03-12T14:28:48","slug":"apollo-and-paramount-in-talks-over-a-potential-deal-report","status":"publish","type":"post","link":"https:\/\/equitynewsreport.com\/h\/apollo-and-paramount-in-talks-over-a-potential-deal-report\/","title":{"rendered":"Apollo and Paramount in talks over a potential deal – report"},"content":{"rendered":"
\n
\n\"Apollo
\n\u00a9 Reuters. Apollo and Paramount (PARA) in talks over a potential deal – report<\/span>
\n<\/i>\n<\/div>\n

Apollo Global Management has recently initiated discussions with a special committee established by Paramount Global (PARA) regarding a potential acquisition or purchase of assets, as reported by Axios on Tuesday.<\/p>\n

PARA shares fell less than 1% following the market open on Tuesday.<\/p>\n

Apollo Global Management’s pursuit of Paramount Global would likely face competition, notably from a consortium led by David Ellison’s Skydance Media.<\/p>\n

This group, which includes private equity giants KKR and RedBird Capital Partners, is considering an all-cash offer for National Amusements Inc. (NAI), the controlling shareholder of Paramount with 77% of its voting stock and a 10% financial interest. <\/p>\n

Unlike the broader focus of its competitors, Apollo’s interest is specifically targeted at Paramount Global, which boasts significant assets such as Paramount Pictures, the CBS broadcaster, a range of Viacom cable networks, and the streaming platforms Paramount+ and PlutoTV. <\/p>\n

The private equity firm might also consider bids for specific assets within Paramount’s portfolio.<\/p>\n

Initial buzz around Apollo’s interest emerged in January but appeared to wane following reports in February suggesting the firm shifted focus away from this venture. <\/p>\n

Meanwhile, in the broader landscape of media consolidation, discussions of potential mergers and partnerships have been afloat. <\/p>\n

In December, a meeting took place between Warner Bros. Discovery CEO David Zaslav and Paramount Global CEO Bob Bakish about a possible merger, though these talks have since been put on hold. <\/p>\n

Moreover, Comcast, the parent company of NBCUniversal, has reportedly considered a commercial partnership with Paramount. However, acquiring the entire company could present significant regulatory challenges, complicating any potential deal-making efforts in this direction.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Apollo and Paramount (PARA) in talks over a potential deal – report Apollo Global Management has recently initiated discussions with a special committee established by Paramount Global (PARA) regarding a potential acquisition or purchase of assets, as reported by Axios on Tuesday. PARA shares fell less than 1% following the market open on Tuesday. Apollo Global Management’s pursuit of Paramount Global would likely face competition, notably from a consortium led by David Ellison’s Skydance Media. This group, which includes private equity giants KKR and RedBird Capital Partners, is considering an all-cash offer for National Amusements Inc. (NAI), the […]<\/p>\n","protected":false},"author":5,"featured_media":77347,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,49,50,3],"tags":[],"_links":{"self":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77346"}],"collection":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/comments?post=77346"}],"version-history":[{"count":0,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77346\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media\/77347"}],"wp:attachment":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media?parent=77346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/categories?post=77346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/tags?post=77346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}