Paramount Can't Stay Independent Long After Rebuffing Skydance.

ELLISON, Larry, 1944-; INDUSTRIAL management; STOCK prices; INVESTORS; STOCKS (Finance); TELEVISION viewers

Paramount Global Chair Shari Redstone has rejected a deal to sell her family's media empire to independent producer David Ellison. However, she will eventually have to agree to an offer from someone, as maintaining the status quo is not an option. Paramount has been struggling with over $14 billion in debt and has faced challenges in the streaming industry. Redstone's family holding company, National Amusements Inc., also has significant debt and estate taxes to pay. While there are other potential bidders, none of the options currently available to Redstone appear to be a clear winner. [Extracted from the article]

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