Big Law

Apollo Reaches Out to Paramount About Potential Deal

Apollo Global Management in recent days has reached out to a special committee formed by Paramount Global about a possible takeover or asset purchase, two sources familiar with the matter tell Axios.

State of play: Apollo would face competition, including a group led by David Ellison’s film and TV studio Skydance Media.

That rival group, which includes private equity firms KKR and RedBird Capital Partners, is evaluating an all-cash bid for Paramount’s parent, National Amusements Inc. (NAI), which controls 77% of Paramount’s voting stock and a 10% financial stake.

Read the source article at Axios

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