Sony Pictures and private-equity firm Apollo Global Management have submitted an all-cash $26 billion offer for Paramount Global, the latest twist in one of the messiest deal dramas in recent memory.
In the latest twist in Paramount Global’s M&A saga, Sony Pictures Entertainment and Apollo Global Management have made a bid to take Paramount private with an all-cash buyout offer of $26 billion.
The two companies have expressed interest in acquiring the media conglomerate, but are backing away from their $26 billion ...
PARA, SONY, APO Price Action: According to Benzinga Pro, Paramount Global shares closed 13% higher at $13.86, Sony Group shares were up 1.4% at $84.08 and Apollo Global shares finished 3.9% higher ...
Wall Street has been dumping streaming companies like Paramount and Warner Brothers Discovery. But data show Americans are doubling down on streaming—spending and watching more than ever.
According to both the WSJ and NYT, Sony and Apollo have made an all-cash offer of a whopping $26 billion to acquire Paramount. If accepted, Sony will become the majority owner while Apollo will ...
Paramount receives a $26 billion all-cash offer from Sony and Apollo Management. Sony would be the majority shareholder with operational control with Apollo holding a minority stake in the company.
Sony Pictures Entertainment has no plans for strategic investments in areas that do not already complement its current ...