Paramount’s board is taking initial steps toward a possible sale, forming an independent committee outside of Shari Redstone, who owns a controlling stake in Paramount, to consider strategic alternatives including a possible auction of the company, The New York Post’s Josh Kosman and Ariel Zilbert report, citing two sources close to the situation. The move comes as Byron Allen said he made a $14.3B offer to buy all of the outstanding shares of Paramount and assume its $15.6B in debt.
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