Posted 3/20/2024, 8:08:09 PM
Paramount Gets $11B Buyout Offer from Apollo As Media Giants Circle Studio
- Apollo Global Management has offered $11 billion to buy Paramount, sending the stock price up 11%
- There is another preliminary offer from Skydance Media, but details are unclear
- Byron Allen previously made a $14.3 billion offer for Paramount, but it may not materialize
- Paramount is building its future with Star Trek projects, a Knuckles film, and a Roblox game
- Analysts have a Hold rating on Paramount stock with a $13.06 average price target
