Sony and Apollo reportedly discuss a joint bid for Paramount Global, potentially taking it private.
Sony and Apollo Global Management are reportedly discussing a joint bid for Paramount Global, according to an article by The New York Times. Sony CEO Tony Vinciquerra has held discussions with Apollo about the possible deal, which could see Paramount taken private through a joint venture, offering cash for shares. If successful, the acquisition would likely increase Sony's exposure to traditional TV channels and provide it with a general entertainment streaming service.
April 18, 2024
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