Shari Redstone president google CEO Strategy Enterprise Shari Redstone

Shari Redstone’s National Amusements, Paramount Global’s Controlling Shareholder, Gets $125M Investment From BDT Capital Partners

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deadline.com

National Amusements, the controlling shareholder of Paramount Global run by Shari Redstone, has received a $125 million preferred equity investment from BDT Capital Partners.

BDT is an affiliate of BDT & MSD Partners, a merchant bank catering to family business owners and founders. Its infusion will help the company, which brought together CBS and Viacom in 2019 before later rebranding as Paramount, weather a difficult stock market environment.

Shares in Paramount are worth less than half what they were at the time of the merger, though they rose 5% in after-market trading on the news of the BDT stake.

Wall Street has looked skeptically at Paramount’s spending on streaming in recent months amid a broader rethink of the media sector’s approach to the direct-to-consumer business.

Read more on deadline.com
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