---
title: "Paramount bidders await word from special committee evaluating options"
description: "Paramount's special committee is evaluating offers for the company after ending exclusive negotiations with Skydance Media. Sony Pictures Entertainment and Apollo Global Management have expressed inte"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/203427933.md"
published_at: "2024-05-05T00:11:25.000Z"
---

# Paramount bidders await word from special committee evaluating options

> Paramount's special committee is evaluating offers for the company after ending exclusive negotiations with Skydance Media. Sony Pictures Entertainment and Apollo Global Management have expressed interest in acquiring Paramount. The studio has been struggling due to strikes, a soft advertising market, and declining cable subscriptions. Paramount's streaming service, Paramount+, lags behind competitors like Netflix and Disney+. The company's shares have fallen more than 65% since the merger of CBS and Viacom in 2019.

By Dawn Chmielewski

May 4 (Reuters) - A special committee of the Paramount Global (PARA.O) board charged with evaluating offers for the company met Saturday morning, though rival bidders for the studio are awaiting word on next steps.

Paramount ended its exclusive negotiations with Skydance Media without a deal on Friday, allowing the special committee to entertain other offers for the home of “Mission: Impossible” and “SpongeBob SquarePants.”

Paramount’s special committee has yet to contact Sony Pictures Entertainment, which, together with private equity firm Apollo Global Management (APO.N) , sent a letter on Wednesday expressing interest in acquiring Paramount, according to two sources familiar with the matter.

Meanwhile David Ellison’s Skydance, which has been engaged for months in deal talks with Paramount and its controlling shareholder, Shari Redstone, is evaluating its options, Reuters previously reported.

A spokesperson for the special committee could not be reached for comment.

Paramount, like other studios, has been struggling to recover from last year’s months-long strikes by Hollywood writers and actors, a soft advertising market and falling cable subscriptions in the United States that has eroded profit for its TV business.

Its streaming service, Paramount+, also trails rivals such as Netflix (NFLX.O) and Disney+ in subscriber numbers - even though Redstone had hoped the merger of CBS and Viacom in 2019 would help the combined company, later renamed Paramount Global, compete better.

Shares of Paramount have fallen more than 65% since then, losing more than $14 billion in market value.

### Related Stocks

- [PGRE.US - Paramount](https://longbridge.com/en/quote/PGRE.US.md)
- [PARA.US - Paramount Global](https://longbridge.com/en/quote/PARA.US.md)
- [NFLX.US - Netflix](https://longbridge.com/en/quote/NFLX.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 派拉蒙仍不死心，改进敌意收购方案，承诺替华纳付 28 亿分手费 | 派拉蒙改进对华纳兄弟的敌意收购方案，承诺承担 28 亿美元 Netflix 终止费、15 亿美元债务再融资担保，并设置每股 25 美分季度” 滞期费”。但每股 30 美元的基础报价未变，分析师认为除非提价至 32 美元以上，否则难以打动华纳 | [Link](https://longbridge.com/en/news/275512429.md) |
| 华纳兄弟探索公司注意到激进投资者 Sachem Head 在第四季度增持股份 | Sachem Head Capital Management 增加了对华纳兄弟探索公司的持股，到第四季度末持有近 800 万股。这一举动是在华纳兄弟同意将其流媒体和制片业务出售给奈飞之后进行的。与此同时，派拉蒙斯凯丹对华纳兄弟探索发起了敌意 | [Link](https://longbridge.com/en/news/275953262.md) |
| 文艺复兴基金增持奈飞、泛林集团和 ServiceNow——聪明资金显示出转变的信号 | 文艺复兴集团显著增加了对奈飞、泛林集团和现在服务的投资，表明对流媒体、人工智能芯片和企业云解决方案的对冲基金兴趣浓厚。该基金最新的 13F 文件显示，奈飞的股份增加了近 900%，泛林集团增加了超过 1800%，现在服务则增加了超过 400 | [Link](https://longbridge.com/en/news/275782453.md) |
| 电影专业人士计划 “殊死搏斗” 以对抗华纳/奈飞交易，Warner Bros. Discovery 股票（NASDAQ:WBD）下跌 | 电影专业人士计划与华纳/奈飞交易进行 “拼尽全力” 的斗争，华纳兄弟探索公司股票（NASDAQ:WBD）下滑 | [Link](https://longbridge.com/en/news/275995370.md) |
| 数据分析：奈飞和派拉蒙对华纳兄弟的竞标如何比较 | 派拉蒙环球的 Skydance 已将对华纳兄弟探索的报价提高至每股 30 美元，并承诺支付因交易未能完成而欠 Netflix 的解约费用。Netflix 的报价仍为每股 27.75 美元。派拉蒙的报价包括 28 亿美元的解约费用以及来自多位 | [Link](https://longbridge.com/en/news/275486172.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.