Deals
Paramount Asked by Activist Investor to Consider Apollo Offer
This article is for subscribers only.
Activist investor Barington Capital Group L.P. is calling on Paramount Global to end exclusive talks with media mogul David Ellison and consider rival proposals, including one from Apollo Global Management Inc.
Barington, which owns a small stake in the film and TV giant, objects to the reported terms of a deal being considered with Ellison, according to a letter to the company’s board on Friday that was reviewed by Bloomberg News.