Just as I said here-
If anyone was going to do a big purchase of Paramount, has to someone with a lot of cash to help control the rates, Apple for example.
Comcast cash on hand is about $8 billion, Apple is $202 billion.
Guess who is up for sale and rumors from work is Apple is the strongest possibility and would merge Apple TV into it.
But, as the link says, all three, Google, Apple and Amazon are possibilities since they are the only companies with cash right now, I personally do not see Google doing it or Amazon, but no matter what I hear from work, Apple is always brought up when these deals are written about, for example, Apple has been rumored to be buying Disney for years now.
Why it may be more of a maybe this time, Debt is only $15 Billion, assets are valued at $55 Billion, revenue for the twelve months ending June 30, 2023 was
$29.928B,
While Warner/ Discovery, debt at $44 Billion, assets are valued at $128 Billion , revenue for the twelve months ending June 30, 2023 was
$41.889B, only $12 Billion more then Paramount, but it should be more then that considering assets are about $80 Billion more.
Warner’s Market Cap-$25 Billion
Paramount-$7.6 Billion.
Executives at Paramount Global continue to hold out hope that a large technology company, such as Apple, Amazon or Alphabet, will view the collection of assets as a way to bolster their content aspirations, according to people familiar with the matter.
Paramount+’s 61 million subscribers could help supersize an existing streaming service such as Apple TV+ or Amazon’s Prime Video, or give Alphabet’s YouTube a bigger foothold into subscription streaming beyond the National Football League’s Sunday Ticket and YouTube TV.
Paramount Global controlling shareholder Shari Redstone is open to doing a transformative deal, but market conditions are making it very difficult.
www.cnbc.com