Sony in talks to buy Paramount

[ab666]

Sony and investment firm Apollo Management are in talks about a joint buyout of Paramount Global, Paramount shares up by around 12% in after-hours trading on Thursday.

Sony Joins Talks To Buy Paramount—Boosting Paramount Shares 12%

Several suitors including Skydance Media and Redbird Capital have reportedly been in talks with Paramount regarding a takeover of the entertainment company.

www.forbes.com

 

[ab666]

Sony & investment firm Apollo officially submitted $26 billion dollar bid for paramount.

Sony Pictures and private equity firm interested in buying Paramount for $26 billion, AP source says

The Sony-Apollo offer was first reported by The Wall Street Journal. The Journal reported previously that Apollo had made an offer to buy Paramount on its own but Paramount's board had concerns about the bid, including whether it could arrange financing for a deal.

finance.yahoo.com

 

[Funkyboyhas]

https://twitter.com/x/status/1787239650630705433

 

[stiwari]

Good news for Indian subscribers,many old and new movies of Paramount may be part of Sony Liv app. Theatrical Library | Paramount Pictures

 

[Ashok Varma]

Good news for Indian subscribers,many old and new movies of Paramount may be part of Sony Liv app. Theatrical Library | Paramount Pictures

Sony should launch Sony Liv as global streaming app with paramount content after acquisition

 

[ab666]

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 signed a non-disclosure agreement with Paramount allowing deal talks to begin but they'll not be focused on a $26 billion bid for whole company.

deadline.com

Paramount Global consists of mainly 2 things - one is paramount pictures & other is paramount cable. As per foreign investment rule of USA, no foreign company can have majority ownership on USA cable networks. So Sony has to find a way for that. Sony can buy paramount pictures without any objection but Shari Redstone of paramount wants to offload all of paramount at once including cable network. This is not the first time Sony tried to buy paramount. Sony tried it before the merger talks between Paramount & Warner Bros Discovery on January 2024. But the cable network caused problem. So this time Sony teamed up with American investment firm Apollo Global to ease some of the regulatory concern.

 

[ab666]

Paramount Special Committee Recommends Revised Offer From David Ellison's Skydance Media

The fate of the media conglomerate Paramount now sits in the hands of controlling shareholder Shari Redstone

www.thewrap.com

Skydance come up with new offer & paramount directors are said to be favoring that, although talks with sony-apollo still going on. Skydance offer is actually a merger of 2 companies, whereas sony-apollo offer is complete buyout of paramount.

 

[StoriesWithPK]

Paramount and Skydance agree to terms of a merger deal

A Paramount special committee and the buying consortium — David Ellison’s Skydance, backed by private equity firms RedBird Capital and KKR — agreed to the terms. The deal is awaiting signoff from Paramount’s controlling shareholder, Shari Redstone, who owns National Amusements, which owns 77% of...

dreamdth.com