Apex Bids $43 Billion for Paramount Amid Scrutiny
Apex Bids $43 Billion for Paramount Amid Scrutiny
Apex Bids $43 Billion for Paramount Amid Scrutiny
News summary

Apex Capital Trust has launched a $43 billion all-cash bid to acquire Paramount Global, potentially igniting a bidding war with Skydance Media. Apex's offer includes $35 per share for Class A voting shares and $23.28 for non-voting Class B shares, both representing a 33% premium. The proposal also involves assuming Paramount's $15.8 billion debt and covering a $400 million breakup fee to Skydance. However, suspicions arose about Apex's legitimacy, with reports of spelling errors in their press release and questionable website registration. Despite these concerns, the bid arrives during Paramount's 45-day 'go-shop' period, allowing them to entertain superior offers. Paramount and National Amusements have yet to comment on Apex's bid or the ensuing controversy.

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