Paramount reportedly approves buyout talks with Sony, Apollo
by Marketwatch
Marketwatch— Paramount Global has formally begun negotiations with a buyout group led by Sony Pictures Entertainment and Apollo Global Management, the New York Times
C21media—Paramount opens talks with Sony-Apollo, Skydance Media remains in the mix. Paramount Global has opened sale talks with Sony and private equity firm Apollo Global Management after its exclusive 30-day negotiating window elapsed with Skydance Media, which reportedly remains in the mix.
Deadline—Sony Apollo Paramount Merger Wouldn’t Reduce Theatrical Output, Though TV & Streaming Assets Would Be Shed. Should Sony and Apollo get their hooks into Paramount Global their strategy would be to keep theatrical release output steady between both studios –not reduced– while cutting the more burdensome parts of the conglom, read auctioning off CBS, the linear channels like MTV and Paramount Plus streaming service. The news about theatrical output is per […]
Deadline—Sony & Paramount Sign Non-Disclosure Agreement Allowing Deal Talks To Start, But It’s Not Looking Like A $26 Billion Bid For Whole Company Anymore. Sony has signed an NDA with Paramount Global, a move that will give it access to the books and allow deal talks to move ahead, Deadline hears. Sony and private equity giant Apollo kicked things off previously with a preliminary bid of $26 billion, but what’s being contemplated now is not that, but something narrower. […]