Apex Capital Trust submits bid to acquire Paramount Global for up to $43 billion
FILE PHOTO: A view of Paramount Studios's water tank in Los Angeles, California, U.S., September 26, 2023. REUTERS/Mario Anzuoni/File Photo
Apex Capital Trust has submitted a competing offer to acquire Paramount Global in an all-cash deal for up to $43 billion, the investment firm said on Wednesday.
Paramount has a 45-day "go-shop" period following the merger agreement with David Ellison's Skydance Media, during which it can receive another deal.
Paramount and National Amusements did not immediately respond to Reuters' requests for comment.
Source: Reuters
