China’s Wanda is Front-Runner to Buy Paramount Stake (Reports) — Variety

China’s Dalian Wanda group is the front-runner in talks to buy a 49% stake in Paramount Pictures from U.S. media conglomerate Viacom, according to reports. Sale talks are still proceeding, according to the Wall Street Journal, despite resistance from Viacom’s controlling shareholder Sumner Redstone. Last month Variety reported Viacom CEO Philippe Dauman’s “deliberate, thoughtful and thorough”……Continue reading “China’s Wanda is Front-Runner to Buy Paramount Stake (Reports) — Variety”