The media mogul made his comments at an 'Axios BFD Talks' event in Los Angeles.
Private equity is trying to help Sony buy Paramount, but Jeffrey Katzenberg believes private equity may be the reason that Sony can't buy Paramount.Katzenberg isn't just a former Hollywood media mogul and current tech investor. He's also a key advisor to President Biden on his reelection campaign, and one of the Democratic Party's most prolific fundraisers., with Sony to be the majority shareholder.
The Skydance bid also is backed by private equity firms — KKR and RedBird Capital Partners — but Skydance itself is U.S.-based."On the Apollo, Sony side of it ... The FCC is going to allow a private equity firm to take that license? Just think about that. This is the license to operate the No. 1 broadcast network in America, which the FCC has an absolute right to approve. And they're going to say that there's a benefit for that being in the hands of private equity? I don't know.
Federal Trade Commission (FTC) Private Equity
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