Paramount Global CEO Bob Bakish expected to leave the company [Yahoo! Finance]
Apollo Global Management, Inc. (New) (APO)
Last apollo global management, inc. (new) earnings: 5/1 07:00 am
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Source: Yahoo! Finance
Bakish's departure comes as Paramount's future hangs in the balance. The company is currently in a 30-day exclusive negotiating period with tech scion David Ellison, whose Skydance Media has teamed up with investment firms RedBird Capital and KKR to acquire Paramount controlling shareholder Shari Redstone's National Amusements holding company. That exclusive negotiating period ends in early May. Under a complicated two-step proposition, Ellison would gain control of the media company, which includes the storied Melrose Avenue Paramount movie studio, broadcast network CBS and various cable channels such as MTV and Comedy Central. But shareholders have balked at reports of Ellison's proposal, arguing that it would value Redstone's shares at a premium while diluting the value for them. Several shareholders have said they'd prefer a deal with private equity firm Apollo Global Management , which is offering $26 billion, including the assumption of Paramount's debt. Bakish is said
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News
- Paramount Global shares plunge as Sony reportedly rethinks its $26B bid [Yahoo! Finance]Yahoo! Finance
- Sony Jumps as Much as 10% After Earnings Beat, Stock Buyback [Yahoo! Finance Canada]Yahoo! Finance Canada
- Sony Jumps as Much as 10% After Earnings Beat, Stock Buyback [Yahoo! Finance]Yahoo! Finance
- Sony Jumps as Much as 10% After Earnings Beat, Stock Buyback [BNN Bloomberg (Canada)]BNN Bloomberg
- Blackstone, Goldman Undercut Rivals in $900 Million Private Loan [BNN Bloomberg (Canada)]BNN Bloomberg
APO
Earnings
- 5/2/24 - Beat
APO
Sec Filings
- 5/13/24 - Form 4
- 5/10/24 - Form 4
- 5/10/24 - Form 4
- APO's page on the SEC website