The assets would also likely need to be split up.
Hollywood, however, sides with Shari.
In an FT story today, James Cameron says, I love the Ellison idea.
Shari Redstone and David EllisonGetty Images
Ari Emanuel calls David Ellison a natural acquirer of Paramount.
Ellison, backed by Larry Ellison and RedBird Capital, would take over Paramount by acquiring Redstones controlling stake.
But the David Ellison company is still in the mix as a special committee of Paramounts board meets today.
The group is considering how to approach a very different all-cash offer from Sony and Apollo.
The duration of a go-shop period is usually one to two months.
It would leave the company public.
The Skydance team spent the past month taking a close look at the books.
Paramount had set up a special board committee to explore offers.
So Skydance would need to cool its heels for a bit while Paramount examined the other offer.
The question is will it wait, or bail?
It would also likely split the company up since Sony of Japan cant own U.S. broadcast assets.
Skydance would keep it public, with a cash infusion and a restructuring.
