Warner Bros and Paramount: Warner Bros reportedly drops takeover plan

It seems increasingly likely that Paramount Pictures will have a new owner within the next year or two. Chairperson Shari Redstone, who effectively decides the company’s fate, is all but certain to be selling her interests. But who’s going to come in and acquire Paramount Global?

There’s no shortage of interest. Skydance Entertainment, a production company that’s been making movies for Paramount, is said to be interested. Then there’s Byron Allen, a rich man I’ll never meet, who has offered around $14bn. Others are also said to be circling.

Source: Warner Bros and Paramount | Warner Bros reportedly drops takeover plan | Film Stories