Ever since Paramount Global chair Shari Redstone won a hard-fought battle to re-merge CBS and Viacom in 2019, the combined company has been a chop-licking catalyst for entertainment media analysts and C-suite executives speculating on whether the company will be the the next meal for a consolidation-hungry industry. Yet despite the fervent conjecture, a realistic and viable suitor has yet to emerge.
Paramount Global has long been seen as an acquisition target due its relative size: Even merged, the company’s market cap is $12.6 billion (down from the $26 billion it was valued at at the time of the merger) and the enterprise value is $25.6