Apex Capital Trust submits $43bn cash bid to acquire Paramount Global, competing with Skydance Media.

Investment firm Apex Capital Trust has submitted a $43bn all-cash bid to acquire Paramount Global, competing with David Ellison's Skydance Media. Apex plans to buy all stock in National Amusements, which holds a controlling interest in Paramount, and aims to pay a 33% premium on Class A voting shares and non-voting Class B shares. If successful, Apex would assume Paramount's $15.8bn debt and infuse the media company with $10bn in working capital.

July 31, 2024
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