Paramount Pictures Looking For Passive Investor
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Viacom, Inc., Paramount Pictures‘ parent company, is looking for investors willing to pony up cash without wanting to run things.
Skydance Media and 21st Century Fox are amongst the three dozen parties interested in the 20-40% minority stake for sale, but both would like to actually buy the studio outright as opposed to just being a cash register.
Some of the other companies interested are based in China, such as Alibaba and Dalian.
“[The Paramount sale] is the minimum he [Viacom CEO Philippe Dauman] can do to juice the stock without giving up control or anything that really changes the collection of assets,” said Eric Jackson, managing director at SpringOwl Asset Management.
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