Paramount Global is used to producing gripping dramas, but it likely did not expect to end up starring in one. Yet, the road to a potential Paramount merger has taken several twists and turns.
Last Friday, the exclusive 30-day negotiating window between the special committee of the company's board and Skydance Media came to an end. And, as expected, Sony Pictures Entertainment and private-equity firm Apollo Global Management swooped in near the end of the window with a competing offer.
What's next? Honestly, no one knows. But there appear to be three directions this could go in the near future.
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