Sony and Apollo move ahead with Paramount bid process but reticent about earlier plan, NYT reports
==========
Sony Pictures Entertainment and Apollo Global Management have signed nondisclosure agreements to look at Paramount's books ahead of a potential bid for the movie studio's assets. The companies are backing away from an initial plan to make an all-cash $26 billion offer for Paramount. Sony and Apollo are now contemplating a variety of approaches to acquire Paramount's assets. Paramount has been struggling to recover from last year's strikes by Hollywood writers and actors, a soft advertising market, and falling cable subscriptions in the United States.
#SonyPicturesEntertainment #ApolloGlobalManagement #Paramount #MovieStudio #Assets #NondisclosureAgreements #BidProcess #AllcashOffer #HollywoodStrikes #AdvertisingMarket #CableSubscriptions
https://finance.yahoo.com/news/sony-apollo-move-ahead-paramount-031637364.html
Yahoo Finance /
npub1j0e…3yhd
2024-05-18 06:14:38
Author Public Key
npub1j0e6zhr82q4par2f4ecr67zvj0ltv8qgqr8v3llw2ed6qvdrm4fs9s3yhdPublished at
2024-05-18 06:14:38Event JSON
{
"id": "5853746321c076d930c737bc96c5af163a85b82f846ae0d8f507af856a8f3136",
"pubkey": "93f3a15c67502a1e8d49ae703d784c93feb61c0800cec8ffee565ba031a3dd53",
"created_at": 1716005678,
"kind": 1,
"tags": [],
"content": "Sony and Apollo move ahead with Paramount bid process but reticent about earlier plan, NYT reports\n==========\n\nSony Pictures Entertainment and Apollo Global Management have signed nondisclosure agreements to look at Paramount's books ahead of a potential bid for the movie studio's assets. The companies are backing away from an initial plan to make an all-cash $26 billion offer for Paramount. Sony and Apollo are now contemplating a variety of approaches to acquire Paramount's assets. Paramount has been struggling to recover from last year's strikes by Hollywood writers and actors, a soft advertising market, and falling cable subscriptions in the United States.\n\n#SonyPicturesEntertainment #ApolloGlobalManagement #Paramount #MovieStudio #Assets #NondisclosureAgreements #BidProcess #AllcashOffer #HollywoodStrikes #AdvertisingMarket #CableSubscriptions\n\nhttps://finance.yahoo.com/news/sony-apollo-move-ahead-paramount-031637364.html",
"sig": "1830d7b1055d1c8abfe89d715e03c30387a8afe31176f88a96e8b47977aca41d20b0838090598320a25ffd9b8a6a4f12be950aa3b5f3913d6ea918ae77f1d5bf"
}