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Shari Redstone Weighs Sale of Stake in Paramount Global
- Legacy TV channels could fetch $13 billion, analyst suggests
- Proceeds could help smaller, production company reduce debt
Shari Redstone
Photographer: Martina Albertazzi/BloombergShari Redstone is contemplating the sale of her interest in the Paramount Global movie and TV empire, a deal that could lead to more than $13 billion in asset sales, including the CBS network.
Redstone has held talks with Hollywood producer David Ellison, the son of billionaire Larry Ellison, and RedBird Capital Partners, about an acquisition of her family’s stake in the business, according to people familiar with the matter.