Paramount board takes steps toward sale as Byron Allen submits $14B buyout bid
NY Post
Paramount has taken initial steps toward a possible sale of the entertainment giant – even as media mogul Byron Allen submitted $14 billion buyout bid, The Post has learned.
The company’s board has formed an independent committee outside of Shari Redstone — the media heiress who owns a controlling stake in Paramount — to consider strategic alternatives including a possible auction of the company, two sources close to the situation said.
The board’s move comes as comedian-turned-investor Allen, who also owns the Weather Channel, said he made a $14.3 billion offer to buy all of the outstanding shares of Paramount Global. The firm also offered to assume Paramount’s $15.6 billion in debt.
Shares of Paramount Global — which in addition to its namesake movie studio owns CBS and cable networks including MTV, BET, Nickelodeon and Comedy Central — rose more than 6% Wednesday.
Nevertheless, some were skeptical whether Allen’s bid will result in a deal.
Sources close to the situation said Paramount Global hasn’t yet responded to Allen’s overture.
Travelers at Atlanta’s Hartsfield-Jackson International Airport faced a hellish travel weekend, with TSA wait lines reportedly lasting nearly three hours because of the partial government shutdown.
Imagine if Allied intelligence had located Adolf Hitler in late May 1944 and killed him before the Normandy invasion. Imagine that in the same hour, strikes eliminated Hitler’s designated successor, the head of the German Armed Forces High Command, the chief operational planner of the war effort, Field Marshal Erwin Rommel, responsible for defending Western Europe, and the rest of Germany’s field marshals and senior commanders.
Rep. Kevin Kiley explained California’s voter ID during an appearance Thursday on “Straight Shooter with Stephen A,” on SiriusXM, prompting a stunned response from host Stephen A. Smith as the conversation turned to election integrity and federal reform.
A Rockland County mailman’s attack on a 4-year-old Jewish boy is not being treated as a hate crime because cops don’t believe it had anything to do with the tot’s religion, police told The Post on Sunday.
ICE officers will be deployed to airports to help clear the horrendous security lines for the TSA, which ran out of funding more than a month ago because of a Democrat shutdown, President Trump announced Sunday.
Gov. Hochul was fittingly ridiculed last week for urging wealthy New Yorkers who fled the state for Florida to return and bring their rich friends with them.
More than half of the NYPD’s Joint Terrorism Task Force cops can retire right now, along with thousands of sergeants, lieutenants, and captains, worrying officials about the future of terror and crime fighting in Gotham, The Post has learned.
President Trump on Saturday issued a blistering ultimatum to Iran, warning that it has 48 hours to fully reopen the Strait of Hormuz or face US strikes that would “obliterate” its vital energy infrastructure.
Gov. Hochul was fittingly ridiculed last week for urging wealthy New Yorkers who fled the state for Florida to return and bring their rich friends with them.
More than half of the NYPD’s Joint Terrorism Task Force cops can retire right now, along with thousands of sergeants, lieutenants and captains, worrying officials about the future of terror and crime fighting in Gotham, The Post has learned.
President Trump on Saturday issued a blistering ultimatum to Iran, warning that it has 48 hours to fully reopen the Strait of Hormuz or face US strikes that would “obliterate” its vital energy infrastructure.
Rep. Kevin Kiley explained California’s voter ID during an appearance Thursday on “Straight Shooter with Stephen A,” on SiriusXM, prompting a stunned response from host Stephen A. Smith as the conversation turned to election integrity and federal reform.
New Yorkers instinctively avoid raving street-corner lunatics. They don’t know if the psycho might suddenly come at them with a knife, so they cross to the other side to be safe.