Reported 4 months ago
The ongoing Paramount Global acquisition saga involving talks with Sony and Apollo Global Management is described as a "sorry situation" by experts. Puck News Founding Partner William Cohan highlights the control Shari Redstone holds as a shareholder, leading to challenges in finalizing deals. The situation is seen as complex and uncertain, with potential consequences for investors like Mario Gabelli. The article delves into the complexities of the media landscape and the challenges faced by Paramount amid the acquisition talks.
Source: YAHOO