As China’s Dalian Wanda Group mulls a minority stake acquisition in Paramount Pictures — to the tune of billions — a potential sale throws gasoline on an escalating power struggle between Viacom CEO Philippe Dauman and majority shareholders Shari and Sumner Redstone. Wanda, a conglomerate with designs on becoming a Hollywood force, is reported to be the stronger of two potential suitors for a 49-percent holding in the film studio, according to Reuters. Paramount’s valuation, which also figures in the real estate its iconic lot sits on, is reported as high as $10 billion. Wanda could pay up to $5 billion for the.
- 7/15/2016
- by Matt Donnelly
- The Wrap
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