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Apex Capital Trust submits bid to acquire Paramount Global for up to $43 bln
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Apex Capital Trust submits bid to acquire Paramount Global for up to $43 bln
Jul 31, 2024 7:18 AM

July 31 (Reuters) - Apex Capital Trust has submitted a

competing offer to acquire Paramount Global ( PARAA ) in an

all-cash deal for up to $43 billion, the investment firm said on

Wednesday.

Paramount has a 45-day "go-shop" period following the merger

agreement with David Ellison's Skydance Media, during which it

can receive another deal.

Paramount and National Amusements did not immediately

respond to Reuters' requests for comment.

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