Paramount Global is pushing ahead with asset sales and bankers are in the house as it sets out to streamline and raise cash to pay down debt.
Its three co-CEOs confirmed as much Tuesday at a company town hall with staff. Lots of things are being explored. Deadline hears there’s early chatter about selling the Paramount lot and leasing it back, with an option to buy it again down the road.
Paramount is not in the real estate business, and a sale could bring in $2 billion. As ViacomCBS, it sold the historic CBS building in NYC known as Black Rock for $760 millionto real estate investment firm Harbor Group International in 2021.
Later the same year, it sold the iconic CBS Studio Center to Hackman Capital Partners and Square Mile Capital Management for $1.85 billion.
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