The Town with Matthew Belloni
Which Bidder Is Best for Paramount?
Apr 24, 2024
Author and Puck writer Bill Cohan joins Matt to discuss the Paramount bidding war, comparing bids from Sony and Apollo. They explore the implications for stockholders and speculate on Shari Redstone's preferences. Matt ends with a 'Challengers' box office prediction.
31:58
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Quick takeaways
- Sony's interest in Apollo's bid adds complexity to Paramount's future, contrasting with Skydance's merger proposal.
- Strategic and creative impacts of Ellison's bid vs. Apollo's raise concerns about industry consolidation and shareholder interests.
Deep dives
The Battle for Paramount Control
The podcast delves into the intense battle for control of Paramount Global, with Sherry Redstone, via National Amusements, owning a majority stake and facing bids from David Ellison and Apollo. The potential deals involve significant financial and legal complexities, with Ellison's bid aiming to merge Skydance and Paramount, while Apollo's bid presents challenges due to Sony's foreign ownership. Shareholders face uncertainties as Sherry's decisions will heavily impact the outcome.
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