Deadline has learned that Dan Mintz’s Beijing- and Los Angeles-based DMG Entertainment is one of the entities seeking to buy a piece of Paramount Pictures. The sale of what is believed to be a 40% stake in the Melrose Avenue studio is thought to be going for about $2 billion. Viacom CEO Philippe Dauman told investors last month that the company had been “approached by several potential strategic investors in Paramount” and is “pursuing a transaction with a strategic minority investor,” although he did not name the parties involved.
Source: Paramount Stake Auction: DMG Entertainment Emerges As Surprise Suitor | Deadline