Paramount Global Control Up for Sale

Shari Redstone in Talks with Potential Buyers Amid Plans for Major Layoffs

Shari Redstone, president of National Amusements, Inc. (NAI), is reportedly in talks to sell her controlling stake in Paramount Global, which includes CBS, Paramount+, and cable channels like BET and Nickelodeon.
Potential buyers include Skydance Media CEO David Ellison, backed by private-equity firm RedBird Capital Partners, and departing Activision CEO Bobby Kotick.
Paramount Global is considering laying off more than 1,000 workers in early 2024 to reduce costs.
Analysts suggest that a buyer of National Amusements would likely split up Paramount Global's assets, with its TV networks potentially valued at $13.5 billion and remaining businesses, including Paramount Pictures, possibly worth $19 billion.
Despite the potential sale, Shari Redstone is reportedly adamant that Paramount Pictures should not be sold on its own.