David Ellison & RedBird Capital Kicking Paramount Global’s Tires Via National Amusements – The Dish
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deadline.comEXCLUSIVE: There’s a lot of noise in town about Skydance Boss David Ellison and RedBird Capital making a go at Paramount Global, but via National Amusements.
The Michael Redstone-founded, Norwood, Mass.-based exhibitor owns 77% of Paramount’s Class A (voting) shares. For anyone wanting to take control of Paramount Global, the trojan horse is by taking over National Amusements’ voting shares.
All of this is loose lipped chatter right now. But as the old saying goes, where there’s smoke, there’s fire. Reps for RedBird Capital and Skydance didn’t return request for comment.
Paramount Global tells us no comment. What happens next? Certainly, RedBird and Skydance don’t want anything to do with running KCBS, or the cable networks, right?
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