Twenty-First Century Interested In A stake In Viacom’s Paramount Studio
$FOX, $VIA, $DWA, $AMC
Twenty-First Century Fox Inc (NASDAQ:FOX) is interested in acquiring a minority stake in Viacom Inc’s (NASDAQ:VIA) Paramount Pictures, a source close to the situation said Wednesday.
The company is interested in exploring a deal that would create synergies for Paramount, but not in being a pure financial investor, according to the source.
Viacom has so far given Fox the cold shoulder.
Viacom CEO Philippe Dauman said in February the company was considering selling a “significant” minority stake in its Paramount Pictures movie studio.
Earlier this month Mr. Dauman said that Viacom had received interest from 36 companies for the stake.
Hollywood studio DreamWorks Animation SKG Inc (NASDAQ:DWA) also said this month it would be interested in a merger with Paramount Pictures.
Further, there is likely interest from China’s Wanda Group’s AMC (NYSE:AMC) in Paramount Studios.
Stay tuned…
HeffX-LTN
Paul Ebeling
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