Sony and Apollo Global Management propose a $26B all-cash deal to acquire Paramount Global, owner of CBS and MTV.
Sony and Apollo Global Management have proposed a $26 billion all-cash deal to acquire Paramount Global, owner of CBS and MTV. The proposal comes as Paramount weighs a merger proposal from David Ellison, head of Skydance Media. Sony is most interested in Paramount's film and TV library, and the deal would face regulatory scrutiny due to a foreign owner and potential consolidation of two Hollywood studios.
May 02, 2024
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