Paramount Global will likely not extend its 30-day exclusivity talks with Skydance Media to strike a deal as Sony Pictures Entertainment and private equity firm Apollo Global Management await
Buyers are looking to discuss several upfront priorities with Paramount, but mergers aren't what's "top of mind," according to ad sales chief John Halley. Last week, CEO Bob Bakish exited Paramount amid ongoing merger talks with Skydance Media. Meanwhile, Sony and Apollo also reportedly made a $26 billion cash offer to buy the company. However, despite all that noise, Halley, president of Paramount Advertising, recently told ADWEEK that those developments aren't affecting buyer negotiations. ...
Paramount Global (PARA) is caught in the middle of a bidding war between Skydance Media and a joint offer from Sony (SONY) and Apollo Global Management (APO). Paramount CEO Bob Bakish has stepped down from his role, replaced by an "Office of the CEO" consortium comprised of three chief executives from across Paramount's top broadcast networks. Ariel Investments Co-CEO John Rogers, who is also a Paramount shareholder, finds Bakish's ousting to be a "pretty extraordinary" event during major M&A...
Shares of Paramount (PARA) experienced a surge in Thursday's trading session after reports that Sony (SONY) and Apollo Global (APO) have submitted a $26 billion all cash takeover offer for the media giant. Yahoo Finance's Alexandra Canal dives into the details of the proposed deal. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith Disclosure: Apollo Global Management is the parent company of...
Golden State Warriors star Draymond Green sounds off on why he thinks the
Sony Pictures Entertainment and Apollo Global Management have officially put in a bid for Paramount Global, as competition for the storied film and TV company continues to heat up. Sony and Apollo submitted their $26-billion all-cash offer this week, according to a person familiar with the matter who was not authorized to comment. Under the terms of the proposed deal, Sony would take a majority shareholder role in the company, with Apollo as a minority shareholder. The joint bid is a nonbinding...
If Elon Musk's bid for Twitter Inc. was a needlessly painful and drawn-out
The on-off bid for Twitter was tedious, but the drawn-out threat of a sale of Paramount on lopsided terms has provided a different kind of pain.
In a town hall that took place on Monday, Square Enix president Takashi
Logan Webb has simply had enough of the Giants skid, especially after their most recent 4-2 loss and his latest start against the Reds on Friday night.
Sony Pictures Entertainment and private equity firm Apollo Global Management have officially submitted a US$26bn all-cash offer for Paramount Global. According to reports, the deal put forward would ma
777 Partners’ eight-month attempt to buy appears to be effectively over after the Miami-based investment firm called in restructuring experts in attempt to save the crisis-hit business. In a memo sent on Thursday evening, staff were told that “a team of professionals from B Riley Advisory Services” had been retained to help 777 get through “various operational challenges”. Advertisement They include 17 different lawsuits filed against the firm for unpaid debts, accusations of fraud and the...