Sony Pictures, Apollo Offer to Buy Paramount for $26 Billion

May 2, 2024 · Sony and private-equity giant Apollo submitted a letter with the non-binding offer Wednesday to Paramount Global, as first reported by the New York Times and the Wall Street …

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Sony Pictures, Apollo Offer To Buy Paramount For $26 Billion

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May 2, 2024 · Sony and private-equity giant Apollo submitted a letter with the non-binding offer Wednesday to Paramount Global, as first reported by the New York Times and the Wall Street …

variety.com

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Sony, Apollo Make $26 Billion All-Cash Offer For Paramount

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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 …

wsj.com

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Sony, Apollo Reportedly Offer $26 Billion For Paramount - Forbes

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May 2, 2024 · Topline. Sony Pictures and private equity firm Apollo Global Management have submitted a $26 billion offer for Paramount Global, The Wall Street Journal reported Thursday, …

forbes.com

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Sony And Apollo Make $26 Billion Cash Offer For Paramount: Report

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May 2, 2024 · Sony Pictures and Apollo Global Management Inc. have submitted a $26 billion cash offer for Paramount Global. The bid — the second by private-equity giant Apollo APO — …

marketwatch.com

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Sony And Apollo Take Key Step In Bid For Paramount’s Assets

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May 17, 2024 · Sony and Apollo are now contemplating a variety of approaches to acquire the company’s assets, but are backing away from their plan to make an all-cash, $26 billion offer …

nytimes.com

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Sony’s Out: Won’t Return To Mix During Paramount’s 45

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Jul 11, 2024 · Sony and Apollo jointly made a preliminary $26 billion offer – after a solo bid by Apollo was rebuffed – then signed an NDA and began due diligence just after Paramount’s …

deadline.com

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Paramount Shares Jump More Than 10% As Sony, Apollo Discuss …

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Apr 19, 2024 · Shares of Paramount Global rose more than 10% on Friday, on news Sony Pictures Entertainment and Apollo Global Management were discussing a joint bid to acquire …

nypost.com

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Paramount Global Receives $26B Offer From Sony, Apollo Amid …

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May 2, 2024 · The Sony-Apollo offer was first reported by The Wall Street Journal. The Journal reported previously that Apollo had made an offer to buy Shari Redstone’s Paramount on its …

nypost.com

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Sony And Apollo Make Formal $26-billion Joint Bid For Paramount

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May 2, 2024 · The bid comes as Paramount nears the end of a 30-day exclusive negotiating period on Friday with tech scion David Ellison's Skydance Media, which recently sweetened its …

yahoo.com

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Sony And Investment Firm Apollo Reportedly Submit $26 Billion Offer …

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Sony Pictures and investment firm Apollo Global Management have submitted an all-cash offer of $26 billion to acquire Paramount Global, the Wall Street Journal reports today. The New York …

ign.com

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Paramount Shares Jump 13% On Sony, Apollo $26 Billion Offer

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May 2, 2024 · Paramount Shares Climb Over 13% as Sony, Apollo Make $26 Billion Offer. The non-binding expression of interest comes as exclusive discussions with David Ellison’s …

thewrap.com

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Sony Pictures & Apollo Offer To Buy Paramount For $26 Billion

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May 2, 2024 · Sony Pictures Entertainment and Apollo Global Management reportedly made an offer to buy Paramount and take it private, according to the Wall Street Journal (via Variety). …

yahoo.com

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Sony Joins Talks To Buy Paramount—Boosting Paramount Shares …

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Apr 18, 2024 · Sony and investment firm Apollo Management are in talks about a joint buyout of Paramount Global, according to multiple outlets, sending Paramount shares up around 12% in …

forbes.com

FAQs about Sony Pictures, Apollo Offer to Buy Paramount for $26 Billion Coupon?

Will Paramount buy Sony Pictures for $26 billion?

Sony Pictures and private equity firm Apollo Global Management have sent a letter to the Paramount Global board expressing interest in acquiring the company for about $26 billion, according to people familiar with the matter. ...

Will Sony & Apollo buy Paramount global?

Sony and private-equity giant Apollo submitted a letter with the non-binding offer Wednesday to Paramount Global, as first reported by the New York Times and the Wall Street Journal. The bid, which would include the assumption of debt and could be negotiated, would be a premium over the company’s current $22 billion enterprise value. ...

Is Sony preparing a joint bid to buy Paramount?

According to The New York Times, Sony Pictures Entertainment is in talks with Apollo Global Management about making a joint bid to buy Paramount. There has not been an official offer on the table due to the formal exclusive negotiations, but this potential partnership could result in a seismic shift. ...

Are Sony & Apollo planning a joint acquisition of Paramount?

Sony and Apollo are considering a team-up for a joint acquisition of Paramount, according to The New York Times, which noted neither company has submitted an official bid. The Sony-Apollo joint bid would offer cash for shares of Paramount and take the company private, the Times reported, citing two people familiar with the situation. ...

How much will Paramount's offer cost?

Their offer would be priced at between $17 and $19.50 per share, the Financial Times previously reported. Paramount’s non-voting class B shares jumped to close 13.1 per cent higher at $13.86 on Thursday after The Wall Street Journal first reported that Sony and Apollo had sent a non-binding expression of interest in bidding for the company. ...

How will Paramount respond to Sony's proposed merger?

The move comes as Paramount looks to keep Paramount Global public, and continues to evaluate a proposed merger of Paramount and Skydance Media. While it’s unclear exactly how Paramount will response to Sony’s proposal, the company has rejected past efforts from Apollo Global Management when it came to acquiring the company. ...