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  • New York Post

    Paramount Global gets bizarre all-cash bid from ‘Apex Capital’

    By Post Staff Report,

    1 day ago

    https://img.particlenews.com/image.php?url=4K2lAj_0ujLSHHg00

    A new player in the Paramount Global hunt reportedly offered and all-cash $43 billion offer for the media giant — but the money seems too good to be true.

    A company called Apex Capital Trust — which claims to have significant stakes in sectors ranging from banking to gold mining — said Wednesday it submitted a bid, Reuters reported.

    It has offered $35 a share for Class A voting shares, which it notes represents a 33% premium over the stock’s 52-week high, Reuters reported.

    Ex-Warner Music chairman Edgar Bronfman Jr. still pursuing bid for Paramount despite Skydance deal: report

    The company also said it would infuse the media company with $10 billion in working capital to carry out its business plan.

    “Paramount and its assets are a national treasure, and we intend to treat them accordingly,” Apex Trust General Counsel Tatiana Logan said in a statement.

    Barry Diller hints IAC no longer in race for Paramount deal, fears merger will face litigation: report

    The only problem is that Alex Trust seems to be a bogus company, according to FT.

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    The press release from Logan misspells “capital” as “captial,” the outlet reported.

    It also found that Apexcapitalmegatrust.com registered via GoDaddy’s free website service last Tuesday.

    At around 5 p.m., Reuters issued an alert saying it was withdrawing the story pending further investigation about the legitimacy of the bid.

    The apparent hoax comes as 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.

    For top headlines, breaking news and more, visit nypost.com.

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