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.
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.
CBS and other well-known properties would be sold if Sony and Apollo were able to buy Paramount. But the new owners would keep the movie studio. By Benjamin Mullin and Lauren Hirsch Shari Redstone ...
Sony and Apollo made $26 billion cash offer for Paramount acquisition According to both the WSJ and NYT , Sony and Apollo have made an all-cash offer of a whopping $26 billion to acquire Paramount.
(Reuters) -Sony Pictures Entertainment (SPE) and private equity firm Apollo Global Management have made a $26 billion cash offer for movie group Paramount Global, the Wall Street Journal reported.
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 ...
(Bloomberg) -- Sony Group Corp. and Apollo Global Management Inc. made a $26 billion proposal to buy Paramount Global, the media giant that owns CBS and MTV, according to people with knowledge of the ...