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Stock impact report

Paramount Opens Talks With Sony and Apollo for Acquisition [Yahoo! Finance]

Apollo Global Management, Inc. (New) (APO) 
Last apollo global management, inc. (new) earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: apollo.com/shareholders/overview
Company Research Source: Yahoo! Finance
private equity group Apollo Global Management, an individual with knowledge told TheWrap. The decision follows an exclusive negotiation period between Paramount and Skydance ending Friday with no deal made. A spokesperson for the special committee declined to comment. Sony Pictures stepped into the race by making a joint informal offer with private equity firm Apollo Global Management of $26 billion , all cash, for Paramount. When it comes to Skydance, it received the public backing Sunday of two big names : director James Cameron and Endeavor CEO Ari Emanuel, who voiced their support for David Ellison's Skydance acquiring Paramount in an interwith with the Financial Times. The committee also pushed for further negotiations with Skydance. The exclusive negotiating window closing with no deal and not being extended doesn't mean a future deal with Skydance isn't possible, but it does decrease the chances of a deal being reached between the two companies. Skydance has been in tal Show less Read more
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