WBD Sep 2024 5.000 call

Paramount acquisition saga is a 'sorry situation': Reporter

Paramount Global (PARA) is still up for grabs as talks with Sony (SONY) and Apollo Global Management (APO) continue. Puck News Founding Partner William Cohan joins Market Domination Overtime to give insight into the current media landscape and what's happening at Paramount. "I mean, I give the Ellison crew credit for creativity and Sony, Apollo probably there's plenty of good ideas coming out of them. But you know, Shari [Redstone] can just say no whenever she wants to. And nobody can do a darn thing about it. And everybody knew that they couldn't do a darn thing about it because she is the controlling shareholder with a voting stock. And meanwhile, the stock continues to tick down. It's just a sorry situation. And people like, you know, Mario Gabelli — I don't know what he was thinking owning that stock for decades. Now he's not going to kind of get the payday that he wanted," Cohan tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino Disclosure: Apollo Global Management is the parent company of Yahoo Finance.