Sony and Apollo are considering buying Paramount in $26B deal
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Paramount pops on reports of Apollo, Sony $26B takeover bid
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...
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Sony and Apollo formally make $26-billion joint bid for Paramount
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...
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Sony Pictures Teams With Private Equity Firm to Buy Paramount Pictures — GeekTyrant
Sony Pictures is partnering up with the private equity firm Apollo Global Management in an attempt to buy Paramount Pictures. They sent a letter to the studio...