Sony Pictures and private equity firm Apollo Global Management have made a joint offer of $26 billion to acquire Paramount Global. The deal, which follows the lapse of Paramount's exclusive negotiations with Skydance Media, includes plans to break up the company if successful. The proposed restructuring would involve selling off CBS and other cable channels like MTV, as well as Paramount+, while retaining Paramount Pictures. Paramount is in talks about opening its books to Sony and Apollo, and Sony also plans to sell the historic Melrose lot if the acquisition is successful. This acquisition could face regulatory hurdles, including potential antitrust challenges from federal authorities.
Sony plans to sell the historic Melrose lot, the Paramount Pictures studio, if they succeed in their joint bid with Apollo to buy Paramount, per Bloomberg. https://t.co/hbABs4gXIM
Paramount is in talks about opening its books to a consortium of Sony Pictures and buyout firm Apollo Global Management interested in acquiring the US media company, people familiar with the matter said https://t.co/TOvbjFVAKZ
Paramount is in talks about opening its books to a consortium of Sony Pictures and buyout firm Apollo Global Management interested in acquiring the US media company, people familiar with the matter said. More here: https://t.co/CwOdwTjdY9
Sony, Apollo reportedly plan to break up Paramount if their buyout bid succeeds https://t.co/G3iN7m9lwq
CBS and other properties will be sold if Sony and Apollo buy Paramount, according to people familiar with the matter. https://t.co/LyPPSqaaED
Sony and Apollo plan to break up Paramount, NYT reports https://t.co/1986ZfmpO8 https://t.co/kNXvzVWNIv
Paramount in talks to open its books to Sony, Apollo, sources say https://t.co/d8slS9MCUH https://t.co/brD68lkBe2
“CBS and other well-known properties would be sold if Sony and Apollo are able to buy Paramount. But the new owners would keep the movie studio” https://t.co/zy40dw32AI
$SONY and private equity firm Apollo Global $APO plan to acquire Paramount $PARA for $26 billion and break up the company - New York Times
Sources: if Sony and Apollo acquire Paramount Global, they plan to sell off CBS, cable channels like MTV, and Paramount+, while keeping Paramount Pictures (New York Times) https://t.co/ymEMAKcYpS https://t.co/XqCH1MNcmt
SONY PICTURES ENTERTAINMENT AND PRIVATE-EQUITY GIANT APOLLO GLOBAL MANAGEMENT PLAN TO BREAK UP PARAMOUNT- NYT
Sony and Apollo’s Plan for Paramount: Break It Up W @BenMullin $para https://t.co/IrEGElevy5
scoop w/@LaurenSHirsch: Sony and Apollo plan to break up Paramount if their $26 billion bid prevails, selling off CBS and merging Paramount+ with a rival service https://t.co/e4CJoi4WMT
Sony Picture's $26B cash bid with Apollo for Paramount Global is the highest offer on the table at the moment — but it comes with a range of regulatory hurdles. https://t.co/0xZjfpjZkA
Apollo-Sony bid for Paramount could face antitrust hurdles from feds: sources https://t.co/MI7PLZVDbo via @nypost
Apollo-Sony bid for Paramount could face antitrust hurdles from feds: sources https://t.co/CiMOUt8V2g https://t.co/Ho9UmimMBe
Paramount sale reopens, as Sony-Apollo swoops in https://t.co/VnXN2Jeanm
Paramount Global's sale process is wide open after an exclusive window with Skydance Media lapsed, opening the door for Sony's joint bid with Apollo Global Management. https://t.co/ai9E2yXJkS
$PARA (+3.2% pre) Sony and Apollo in Talks to Acquire Paramount - NYT https://t.co/LSrpQhaYx5
Paramount Opens Talks with Sony and Apollo for Acquisition: https://t.co/gQO24kTZi4
Sony and Apollo in Talks to Acquire Paramount https://t.co/5C0Ox8hUbd
Paramount reportedly approves buyout talks with Sony, Apollo https://t.co/Y1I5AHxU5D
Sony and Apollo reportedly made a joint $26B offer to acquire Paramount, which had previously mulled a deal with Skydance that lapsed on Friday. https://t.co/IU5OTLBZd0
Paramount Officially Opens Talks With Sony And Apollo In Takeover Bid, Report Says https://t.co/EAa8oPmXOk https://t.co/7cWMa92gRh
Breaking News: Sony and the private equity firm Apollo are in talks to acquire Paramount after the media company let exclusive negotiations with Skydance lapse. https://t.co/YhR1cxIrrt