Bloomberg on Nostr: Sony and Apollo Said to Offer $26 Billion for Paramount ========== Sony Group and ...
Sony and Apollo Said to Offer $26 Billion for Paramount
==========
Sony Group and Apollo Global Management have made a $26 billion proposal to acquire Paramount Global, the owner of CBS and MTV. The offer is an all-cash deal for Paramount shares and the assumption of debt. Paramount, controlled by Shari Redstone, has been considering a merger proposal from David Ellison, head of Skydance Media and son of Oracle co-founder Larry Ellison. Other Paramount investors have criticized Ellison's proposal, leading Paramount to consider other bids.
#Sony #Apollo #Paramount #Cbs #Mtv #ShariRedstone #DavidEllison #SkydanceMedia #LarryEllison
https://www.bloomberg.com/news/newsletters/2024-05-02/bloomberg-evening-briefing-sony-apollo-said-to-offer-26-billion-for-paramountPublished at
2024-05-03 01:26:17Event JSON
{
"id": "8630411be62c86d67e3ac32925d2b36e88044bec6332864e669bd7a36b938685",
"pubkey": "3fa7a03b3d23870c80032d7548dcf69edcadcbfcc11fa25aa05d48871799b5e1",
"created_at": 1714692377,
"kind": 1,
"tags": [],
"content": "Sony and Apollo Said to Offer $26 Billion for Paramount\n==========\n\nSony Group and Apollo Global Management have made a $26 billion proposal to acquire Paramount Global, the owner of CBS and MTV. The offer is an all-cash deal for Paramount shares and the assumption of debt. Paramount, controlled by Shari Redstone, has been considering a merger proposal from David Ellison, head of Skydance Media and son of Oracle co-founder Larry Ellison. Other Paramount investors have criticized Ellison's proposal, leading Paramount to consider other bids.\n\n#Sony #Apollo #Paramount #Cbs #Mtv #ShariRedstone #DavidEllison #SkydanceMedia #LarryEllison\n\nhttps://www.bloomberg.com/news/newsletters/2024-05-02/bloomberg-evening-briefing-sony-apollo-said-to-offer-26-billion-for-paramount",
"sig": "cdc25c7d331e5e96244118d96c523daa0557721fcc37fa8529954c3785f99254fd9f493cbc62ac8591e3854002bf13afca9eadee514c04069fb582e7226bc7b4"
}