Sony is reportedly rethinking its $26 billion bid to acquire Paramount Global in conjunction with Apollo Global Management. Paramount's stock fell after CNBC reported Sony's reconsideration. Sony and Apollo have signed NDAs but are stepping back from the all-cash offer due to streaming cost concerns.
Sony and Apollo move ahead with Paramount bid process but reticent about earlier plan, NYT reports https://t.co/NdVhd2ItBd https://t.co/uNVVfeYrr1
⚠️ SONY AND APOLLO MOVE AHEAD WITH PARAMOUNT BID PROCESS BUT RETICENT ABOUT EARLIER PLAN, NYT REPORTS Full Story → https://t.co/geWSg1jv3Q
Sources: Sony and Apollo sign NDAs but back away from their $26B offer for Paramount's assets, partly due to Sony shareholders' concerns over streaming costs (New York Times) https://t.co/hw8ngv0UXr https://t.co/PY1BId2zxq
Sony-Apollo Backs Away From $26 Billion Paramount Bid but Paves Way to Continued Deal Talks, NDAs https://t.co/VUrTKW2wgA
Some news to kick off your weekends: Sony and Apollo have signed their long awaited NDAs for Paramount. But they’re backing away from their all-cash $26bn offer W @BenMullin https://t.co/vrjvmXnyos
At Paramount, the hard work of evaluating its two potential deals is reaching fever pitch. “We’re running out of things to delay this on,” one participant in the process tells @WilliamCohan https://t.co/tzuedoUI20
$PARA $SONY | Paramount Acquisition In Doubt As Sony Rethinks $26B Bid A potential $26 billion acquisition of Paramount Global by Sony and Apollo Global Management is on hold, as per CNBC's sources. The news sent Paramount's stock tumbling over 5% on Tuesday, reflecting… https://t.co/sd2Dsr9kCd
Paramount shares drop as on report that Sony and Apollo’s bid is 'fading' https://t.co/Y7DhROJyGU https://t.co/A5qy1yjWXa
Paramount Shares Dip On Report Sony "Rethinking" $26 Billion Bid https://t.co/kr8nCCQCbR
Paramount Global shares plunge as Sony reportedly rethinks its $26B bid https://t.co/1Gf0X5s7Hc https://t.co/14UPs3HRHs
Shares of Paramount Global slid Tuesday following a CNBC report that Sony was “rethinking” its bid to acquire Paramount in conjunction with private-equity firm Apollo Global Management. https://t.co/Kuh3WzPwxZ
Paramount Stock Falls on Report Sony Is ‘Rethinking’ $26 Billion Bid https://t.co/Kuh3WzQ4nx
Paramount shares fall after CNBC reports Sony rethinking its bid https://t.co/F0Vc3mJKVG https://t.co/W0BFaFeKNR
CNBC/Faber: Sony rethinking its bid for Paramount.... https://t.co/0ums9LUVJh
⚠️ SONY RETHINKING PARAMOUNT BID, CNBC REPORTS Full Story → https://t.co/pwVSxSm77m
$PARA | Sony Said To Be Rethinking Paramount Bid - @CNBC
SONY RETHINKING PARAMOUNT BID- CNBC