"Apollo's $11 Billion Bid for Paramount Studio Sparks Stock Surge"
TL;DR Summary
Private equity firm Apollo Global Management has made an $11 billion bid for Paramount Global’s film and TV studios, excluding the CBS broadcast network, cable channels, and streaming services. The bid, which is more than the $9 billion market value for all of Paramount Global, could potentially impact the future of the Star Trek franchise and Paramount Plus. The deal, if approved, may take well over a year to be finalized and could lead to changes in the licensing and distribution of Star Trek content.
Topics:business#apollo-global-management#business-entertainment#film-studios#paramount-global#private-equity#star-trek
- Private Equity Firm Apollo Offers To Buy Paramount Film And TV Studios For $11 Billion TrekMovie
- Exclusive | Apollo Offers $11 Billion for Paramount's Hollywood Studio The Wall Street Journal
- Shari Redstone prefers rival deal to $11bn Apollo bid for Paramount studio Financial Times
- Paramount Global Stock Pops On Apollo’s Reported $11 Billion Bid For Studio Deadline
- Paramount Stock Pops After Apollo Bid for Film and TV Studio Hollywood Reporter
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