Apollo Global Management has made an $11 billion bid to acquire Paramount Global's Hollywood studio, sparking a potential bidding war. Shari Redstone, a key figure in Paramount, reportedly prefers a rival deal over Apollo's offer, causing fluctuations in Paramount's stock. Legendary Entertainment is also entering the bidding for Paramount, adding complexity to the situation.
According to one dealmaker, the Apollo idea is to potentially merge Paramount and Legendary into a single studio—combining the theatrical distribution capabilities of the former with the production and franchise assets of the latter. @MattBelloni reports. https://t.co/qsWZsx4YN6
Apollo's reported interest in Paramount studio puts deal 'back in favor' https://t.co/rHUj1IJkrF
New @PuckNews: Legendary Entertainment is also bidding for Paramount. The logistics and ramifications ⬇️⬇️ https://t.co/hspwYTJBcp
Financial Times @ft: Apollo offers $11 bln for Paramount's Hollywood studio, source says - Reuters. #GenAI #aiact #AI https://t.co/KXedvyRZvx
The Wall Street Journal reported that private equity firm Apollo Global Management (also an investor in “Dune” studio Legendary Entertainment) offered Paramount Global $11 billion for its film and TV studio. More details: https://t.co/FuahVG4P3E
Apollo Makes $11bn Offer For Paramount Global https://t.co/osva1otPSU https://t.co/NCcm81GEZb
Was Paramount Studios Just Lowballed by an $11 Billion Offer? https://t.co/HBYoGeKHUm
Apollo's $11 Billion Bid for Paramount Ignites Likely Bidding War | Analysis https://t.co/7bIXmarFG2
Paramount Stock Rides Roller Coaster Back Down After Report That Shari Redstone Is "Unconvinced" By Apollo Offer For Studio https://t.co/dAxP551NS7
Paramount Stock Retreats on Report Shari Redstone Not Interested in Apollo’s $11 Billion Studio Buyout Bid https://t.co/LossGmpYVP via @variety
Paramount Stock Retreats on Report Shari Redstone Not Interested in Apollo's $11 Billion Studio Buyout Bid https://t.co/bolEp9nDUG
Apollo's reported interest in Paramount studio puts deal 'back in favor' https://t.co/e0Udu33dDr by @allie_canal
Apollo’s $11 Billion Bid for Paramount Ignites Bidding War | Analysis https://t.co/7bIXmarFG2
Financial Times @ft: Apollo offers $11 billion for Paramount's Hollywood studio, source says - Yahoo Finance. #industry40 #AI #ArtificialIntelligence https://t.co/e7YaevpwIe
Shari Redstone prefers rival deal to $11bn Apollo bid for Paramount studio https://t.co/CYlCl50lKR
Apollo offers $11 bln for Paramount's Hollywood studio, source says | Reuters https://t.co/hPYBA0gsdl