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Stock impact report

Paramount in talks to open its books to Sony, Apollo, sources say [Yahoo! Finance Canada]

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
buyout firm Apollo Global Management interested in acquiring the U.S. media company, people familiar with the matter said on Wednesday. Advisers to both sides are discussing the terms of a confidentiality pact that allows the exchange of commercially sensitive information, the sources said. Doing so would pave the way for Apollo and Sony to firm up their $26 billion offer and challenge a rival bid from David Ellison's Skydance Media. A special committee of Paramount's board that is evaluating the company's options allowed an exclusivity period to lapse in its deal discussions with Skydance last week. ADVERTISEMENT The sources requested anonymity because the matter is confidential and cautioned there was no guarantee the talks would lead to a deal. A spokesman for Paramount's special committee declined to comment. Sony Pictures Chairman Tony Vinciquerra first approached Paramount's controlling shareholder, Shari Redstone, years ago to explore acquiring the Paramount Picture Show less Read more
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