Apex Capital Trust's Strategic Acquisition Bid for Paramount Global
Wednesday, 31 July 2024, 13:53
Apex Capital Trust's Acquisition Bid
Apex Capital Trust has formally submitted a bid to acquire Paramount Global for up to $43 billion.
Key Details
- This bid is made during a 45-day "go-shop" period allowed for Paramount to seek other offers.
- Paramount is currently under a merger agreement with David Ellison's Skydance Media.
- Apex aims to purchase all stock in National Amusements, the controlling entity of Paramount.
- No immediate comments have been made by Paramount or National Amusements.
As the situation unfolds, the industry will be watching closely for the final decisions made by Paramount during this pivotal period.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.