(Reuters) – Apex Capital Trust has submitted a competing offer to acquire Paramount Global in an all-cash deal for up to $43 billion, the investment firm said on Wednesday.
Paramount has a 45-day “go-shop” period following the merger agreement with David Ellison’s Skydance Media, during which it can receive another deal.
Paramount and National Amusements did not immediately respond to Reuters’ requests for comment.
(Reporting by Harshita Mary Varghese; Editing by Shilpi Majumdar)
