Paramount Pictures is currently at the center of significant acquisition interest, with multiple major entities including Skydance Media and a consortium led by Sony and Apollo Global Management vying for control. Skydance has proposed a $32 billion bid for Paramount, while Sony and Apollo have made a $26 billion all-cash offer. The bids have led to increased scrutiny and actions from stakeholders, including a shareholder's request for court-ordered access to documents related to Skydance's merger discussions. The Paramount special committee is considering these offers seriously, with decisions expected soon and Skydance seeking an extension on their deal. Amidst these developments, Paramount's stock has seen a notable increase, reflecting the market's reaction to the ongoing acquisition talks. Skydance's exclusivity period is nearing its end, adding pressure to the negotiations.
“.. Insiders tell @Variety that the expectation at the company is that neither of the two offers in play — Skydance Media-RedBird Capital Partners and Sony Pictures Entertainment-Apollo Global Management — will come to fruition.” @LiveSquawk $PARA https://t.co/bOQq5NP9zc https://t.co/f6sUS2t7We
PARAMOUNT DOESN'T SEE SKYDANCE, SONY BIDS SUCCEEDING: VARIETY
Barring a last-minute reversal, the Paramount special committee is planning to explore Apollo’s finally-revealed bid as Skydance mulls walking away. @MattBelloni reports. https://t.co/K7WJomwDR0
After months of M&A talks, Paramount Global and controlling shareholder Shari Redstone might be going it alone after all. https://t.co/GwqtdYYjsq
In today's Bloomberg Deals, the M&A landscape has changed again for betting whether deals will go through or fail, plus the latest on Paramount. https://t.co/XvK53ArdHO
Paramount won’t extend exclusive deal period with Skydance amid Sony bid: sources https://t.co/sSyxjx4zbj https://t.co/U10SMstwrv
Paramount, Skydance Exclusive Merger Talks Window Likely to Close Without a Deal, So What Happens Next? https://t.co/8j5lJuCsNs
A Rival Hollywood Studio Just Offered To Buy Paramount In Major Shake-Up Read More: https://t.co/K96LvsrhSr
Sony looks to boost film assets with $26bn Paramount acquisition https://t.co/UDV878tyDz
M&A is paramount for one media company. @davidfaber breaks down the latest bid for $PARA from Sony & Apollo Global Management, and how it compares to other offers. $APO #FaberReport https://t.co/He9jmuqdRK
Sony Pictures Teams With Private Equity Firm to Buy Paramount Pictures Link: https://t.co/67plgTd6Ev https://t.co/ifl8SaEOQN
Skydance bid for Paramount hinges on Shari Redstone as special committee ends exclusive talks https://t.co/11rseMF0an
Barring a last-minute reconsideration, Skydance’s exclusive window to buy Paramount will likely expire tonight with no deal. Now what: https://t.co/uDP0tRraxt
Paramount Prepares to Go It Alone $PARA @paramountco https://t.co/ezGCyXjMfg
$PARA trading 14.60 as buyout talks heat up, massive open interest in June 12.5 and 15 calls as well as May 12 calls bought 4/8 at 0.89, 7500 Sep 12 calls bought also holding in OI from 4/8 and 4/10
$PARA $SONY | CNBC's David Faber Says Paramount Special Committee Taking Sony Bid Seriously https://t.co/xupic4vgWX
$PARA | Skydance Exclusivity With Paramount Won't Be Extended - CNBC
PARAMOUNT SPECIAL CMTE TAKING SONY BID SERIOUSLY: CNBC'S FABER $PARA
SONY'S BID FOR PARAMOUNT CONSIDERED SERIOUS BY SPECIAL COMMITTEE- CNBC
Japanese corporation @Sony partners in $26 billion all-cash bid to buy @ParamountCo, which owns @CBSNews. Sony would become the "significant majority shareholder" and gain operational control of the company: @WSJ.
Japanese corporation @Sony partners in $26 billion all-cash bid to buy @ParamountCo, which owns @CBSNews. Sony would become the "significant majority shareholder" and maintain operational control of the company: @WSJ.
Japanese corporation @Sony partners in $26 billion all-cash bid to buy @ParamountCo, which owns @CBSNews. Sony would be become the "significant majority shareholder" and maintain operational control of the company: @WSJ.
Paramount has spent a decade as the source of buyout rumors. That might finally come to an end. https://t.co/AFEnpUZpHb by @allie_canal
RECAP 5/2 Chatter: $PARA + $SONY $APO $26B $SNPS + $2B Sig unit sale $RIVN + $800M IL funding $PESI + $2B Gov contract $AY + ECP $TD - DOJ Drug money laundering $JWN + Sycamore Private Live Breaking trading news https://t.co/yChRCoaR8v
BREAKING: @Skydance expects to hear from @paramountco's special committee on its deal in the "next few hours" -- sources. @Skydance seeking extension on deal. People close to the @paramountco talks remain skeptical about the size @Sony - Apollo deal given Apollo's history of no…
A SKYDANCE CONSORTIUM COULD HEAR FROM A PARAMOUNT SPECIAL COMMITTEE ON A RECOMMENDATION OF NEXT STEPS AS SOON AS THURSDAY - CNBC
The latest on Paramount: *The Skydance consortium still hasn't heard back from the Paramount special committee. Could hear as soon as later today. Exclusivity ends tomorrow, barring an extension. *Confirming Sony/Apollo sent a letter to Paramount https://t.co/96bcII9hl2
🚨$PARA Paramount stock is up +%12 today . After news of Sony, Apollo to Make $26 Billion Cash Offer for Paramount, -The Wall Street Journal Look below at how I used @unusual_whales to spot insider trading. You can see in the previous post that various members of the board of… https://t.co/3dQKTbM6eD https://t.co/eqlYeasmbf
$PARA on $26bn potential $SONY & $APO bid Up 10% since tweet https://t.co/4tjB0DZFDi https://t.co/oqCLhoGXVK
$PARA on $26bn potential $SONY & $APO bid https://t.co/lkiYyE5Uql
Paramount Shareholder Asks for Court Order to Obtain Documents Tied to Skydance Merger Talks https://t.co/XyGV56SPpu
Sony to be majority owner of @paramount. Legendary also involved. Sony /Apollo believe all regulatory concerns can be managed. Going to be long weekend for Special Committee.
Berkshire buying $PARA https://t.co/8rPgc0A38l
What you need to know about Skydance's bid for Paramount, from financing a deal worth $32 billion to its plans for the media empire https://t.co/5vgMJmnXh5