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Twenty-First Century interested in Paramount deal: source

Published 03/30/2016, 11:22 AM
Updated 03/30/2016, 11:30 AM
© Reuters. Main gate to Paramount Pictures Studios, a division of Viacom, Inc. is pictured in Los Angeles
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(Reuters) - Twenty-First Century Fox Inc (O:FOXA) is interested in acquiring a minority stake in Viacom Inc's (O:VIAB) Paramount Pictures, a source close to the situation said on Wednesday.

The company would be interested in exploring a deal that would create synergies for Paramount but not in being a pure financial investor, according to the source.

The New York Post first reported on Wednesday that Twenty-First Century was interested in buying a stake in Viacom's Paramount Pictures.

Viacom has so far given Fox the cold shoulder, the newspaper said. (http://nyp.st/22ZZstu)

Viacom Chief Executive Philippe Dauman said in February the company was considering selling a "significant" minority stake in its Paramount Pictures movie studio.

Earlier this month Dauman said that Viacom had received interest from three dozen companies for the stake.

© Reuters. Main gate to Paramount Pictures Studios, a division of Viacom, Inc. is pictured in Los Angeles

Hollywood studio DreamWorks Animation SKG Inc (O:DWA) also said this month it would be interested in a merger with Paramount Pictures.

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