“Cautious But Tenacious”: The Shari Saga Continues

shari redstone
I’m told that the parties involved are being “cautious but tenacious” in trying to get this over the finish line this time. Photo: David Paul Morris/Bloomberg/Getty Images
William D. Cohan
July 3, 2024

Larry and David Ellison, along with Gerry Cardinale and RedBird Capital, are back at the table, trying once again to make a deal with Shari Redstone for Paramount Global. The Paramount stock is up 18 percent this week, including 10 percent alone on Wednesday. Shareholders clearly want a deal at this point.