Apollo's $11 Billion Offer for Paramount's Studios Faces Skepticism

Shari Redstone, controlling shareholder of Paramount Global, remains unconvinced by Apollo's bid, preferring negotiations with Skydance's David Ellison.

Apollo Global Management's $11 billion offer to buy Paramount's film and TV studios is seen as insufficient by Shari Redstone, who controls Paramount Global through National Amusements Inc.
The offer, exceeding Paramount Global's market cap, does not include key assets such as CBS, BET, and Paramount+ streaming service.
Redstone is in negotiations with David Ellison and Skydance for a deal that could merge Skydance with Paramount Global, potentially sidelining Apollo's bid.
Paramount's stock experienced a significant drop following reports of Redstone's skepticism towards the Apollo offer, erasing previous gains.
Analysts suggest that selling Paramount in pieces could be value-destructive, advocating for a deal that preserves the interconnectedness of its assets.