The Michael Redstone-founded, Norwood, Mass.-based exhibitor owns 77% of Paramounts Class A (voting) shares.
All of this is loose lipped chatter right now.
But as the old saying goes, where theres smoke, theres fire.
Paramount Global headquarters in New YorkMichael M. Santiago/Getty Images
Reps for RedBird Capital and Skydance didnt return request for comment.
Paramount Global tells us no comment.
Theres a lot under the umbrella they probably dont want.
Oversee of IP and Paramount Pictures makes sense.
Theyve also sold off Television City on Fairfax and Beverly in Los Angeles.
Paramount Globals current market cap is $9.9 billion, and closed today at $15.03.
Paramount has been facing a number of challenges of late, especially as it looks to compete in streaming.
Interest rates are an important variable.
The result has been a chill in the air in terms of overall dealmaking.
