The two companies submitted a non-binding offer letter on Wednesday, signed by Sony Pictures Chief Executive Tony Vinciquerra and Apollo partner Aaron Sobel, the Wall Street Journal reported
The two companies submitted a non-binding offer letter on Wednesday, signed by Sony Pictures Chief Executive Tony Vinciquerra and Apollo partner Aaron Sobel, said the WSJ, citing people familiar with the matter.
Paramount is already in exclusive talks with Skydance Media and is working to build its streaming business as it faces tough competition from Netflix and Walt Disney as viewership of cable TV declines. Some shareholders have raised concerns about the deal with Davis Ellison’s Skydance and have urged Paramount to consider other offers, including the one from Apollo Global Management.
Canada News Breaking News Video Canadian Breaking News Breaking News Globe And Mail Breaking News Globe And Mail Canada News Photos World News Local News National News Us News Foreign News Sports News Arts News Life News Lifestyle Canada Traffic Canada Weather Trudeau Government Federal Government Canada Sports Canada Sports News Politics Politics News Political News Political Opinion Environment Economy Technology Education Travel Canada Alberta Bc British Columbia Manitoba Ontario Quebec Nova Scotia Pei New Brunswick Newfoundland And Labrador Nunavut Northwest Territories Yukon Globe And Mail
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sony and Apollo submit $26 billion Paramount offer, WSJ reportsExplore stories from Atlantic Canada.
Read more »
Sony Is Said in Talks With Apollo on a Joint Offer for ParamountSony Group Corp. and Apollo Global Management Inc. are considering teaming up in a bid for the film and TV giant Paramount Global, according to a person familiar with the matter.
Read more »
Sony, Apollo discuss joint bid for Paramount, says sourceSony Pictures Entertainment and Apollo Global Management are discussing making a joint bid for Paramount Global, according to a person familiar with the...
Read more »
Sony, Apollo discuss joint bid for Paramount, says sourceExplore stories from Atlantic Canada.
Read more »
Paramount jumps on report of Sony Pictures, Apollo discussing joint buyout bidExplore stories from Atlantic Canada.
Read more »
What a Sony, Apollo buyout of Paramount looks like: AnalystSony Pictures Entertainment (SONY) has entered talks with Apollo Global Management (APO), the parent company of Yahoo Finance, to discuss a possible joint...
Read more »