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Stock impact report

Paramount, Skydance Make Progress on Potential 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
According to individuals with knowledge of the talks who spoke to TheWrap, Skydance has agreed as part of a potential merger deal to infuse between $4.5 and $5 billion of fresh capital into Paramount, $2 billion of which would be used to buy Redstone's shares and to settle the company's debts. Ellison would become CEO of Paramount, replacing current CEO Bob Bakish, with former NBCUniversal CEO Jeff Shell serving as president. Skydance's chief creative officer Dana Goldberg and president Jesse Sisgold are also expected to have major roles in the combined company, which would possibly consolidate Paramount's TV networks, including CBS, BET, Nickelodeon and other cable channels, under a central team, sources said. These terms have been negotiated under an exclusivity period that is currently set to expire in May. Sources also say that there has been no talks yet about extending that exclusivity period, though one insider says an extension may be possible if talks near completion at Show less Read more
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