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...
Sony and Apollo showed formal interest in a Paramount Global buyout as Paramount's special committee is prepared to give its recommendation to Skydance.
Shares in media giant, whose chief executive Bob Bakish was this week
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...
SONY and APOLLO offer $26B for PARAMOUNT (Third column, 3rd story, link) Drudge Report Feed needs your support! Become a Patron
Sony Pictures Entertainment and private equity giant Apollo Global Management have formally expressed interest in acquiring Paramount for roughly $26 billion, according to two people familiar with the matter, a move that adds drama to an already chaotic deal-making process.
Sony Pictures and Apollo Global Management have submitted an all-cash, $26 billion offer for Paramount Global, marking the second time the private-equity firm has come in with a bid for the entertainment giant.
Sony Pictures and Apollo Global Management have expressed interest in buying Paramount Global for $26 billion
Sony and Apollo have formally reached out to Paramount to discuss a
Paramount Global’s board of directors is reportedly weighing a move to oust CEO Bob Bakish and replace him on an interim basis with a committee of top executives ahead of the company’s first-quarter earnings call later today.
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...
Hollywood giant Paramount is replacing its previous boss with a trio of managers in the midst of merger negotiations. Instead of chief executive officer Bob Bakish, the three top managers of the various divisions are to lead the group, Paramount said. “To lead and oversee the company moving forward, Paramount Global has established an […]