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Paramount Global Nears Crossroads After Latest Acquisition Offer: What’s Shari Redstone’s Next Move?
News of Byron Allen’s $30 billion offer (including debt) for Paramount Global has restarted Hollywood’s most active parlor game: Whither Paramount and assets like its 112-year-old film …
Shari Redstone, non-executive chair of the company and head of its controlling shareholder, National Amusements, is not a member of the special committee, a person familiar with the body told Deadline. The state of the company’s financial affairs will be put on display February 28 when fourth-quarter results are reported, with interest running high about trends in advertising and any signs of long-elusive streaming profits. Mr. Allen reportedly would seek to sell Paramount’s studio, among other assets, and focus on running the company’s linear networks and streaming service, Paramount+, in a more efficient manner, to which we wish him the best of luck!”
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