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Top related persons:
Skydance - 2 Shari Redstone - 2 Bob Bakish - 2 hasn't - 1 David Ellison's Skydance - 1 It's - 1 Redstone's - 1 CNBC's David Faber - 1
Top related locs:
Apollo Sun Valley , Idaho U.S United States
Top related orgs:
Paramount - 2 Sony - 2 Apollo - 2 Skydance - 2 Paramount Global - 2 Aspen Sky Trust - 2 RedBird Capital - 1 KKR - 1

Search resuls for: "Aspen Sky Trust"


2 mentions found


☆ Sony and Apollo send letter expressing interest in $26 billion Paramount buyout as company mulls Skydance bid
  + stars: | 2024-05-02 | by ( Julia Boorstin Alex Sherman Lillian Rizzo | Julia Boorstin | Alex Sherman | ) www.cnbc.com   time to read: +4 min
Spokespeople for Paramount, Redstone's National Amusements, the special committee and Skydance declined to comment. Sony Pictures and private equity firm Apollo Global Management have sent a letter to the Paramount Global board expressing interest in acquiring the company for about $26 billion, according to people familiar with the matter. Paramount Global shares jumped more than 12% on the news that Sony and Apollo submitted a letter formalizing its interest, earlier reported by The New York Times and Wall Street Journal. A $26 billion offer for Paramount Global values the company higher than the company's current $22 billion enterprise value. Redstone could also argue she's more comfortable with pushing forward at Paramount Global without a sale.
Persons: Skydance, hasn't, David Ellison's Skydance, Shari Redstone, It's, Redstone's, Bob Bakish Organizations: Paramount, Sony, Apollo, Skydance, RedBird Capital, KKR, Sony Pictures, Apollo Global Management, Paramount Global, The New York Times, Wall Street Journal, Hollywood, Matrix Asset Advisors, Aspen Sky Trust, Redstone Locations: Apollo
☆ Shari Redstone is playing M&A war games with removal of Paramount CEO Bob Bakish
  + stars: | 2024-04-29 | by ( Alex Sherman | ) www.cnbc.com   time to read: +5 min
The decision to remove Bakish as CEO comes as Paramount Global closes in on a merger agreement with Skydance Media. A number of large common shareholders, including Gamco Investors, Ariel Investments, Matrix and Aspen Sky Trust have publicly criticized the deal, arguing it destroys value for common shareholders. Paramount Global shares jumped about 5% in premarket trading Monday. Typically, Paramount Global shareholders, such as Gabelli, would compare an offer to the standalone company's prospects — hence his comments about not seeing a sale at all. But by removing Bakish, Redstone and the Paramount Global board are now throwing the status quo into chaos.
Persons: Bob Bakish, CNBC's David Faber, Shari Redstone, David A, Skydance, Mario Gabelli, That's, —, Bakish Organizations: Paramount, CNBC, Paramount Global, Skydance Media, Gamco Investors, Ariel Investments, Aspen Sky Trust, National Amusements, Allen & Company Sun Valley, Grogan, Amusements, New York Post, Bloomberg, Street Journal, Skydance, Apollo Global, Sony, New York Times, Apollo, Foreign Investment, U.S, Communications, Charter Locations: Sun Valley , Idaho, U.S, United States
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