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Stock impact report

Sony's Plans for Paramount Include Sale of Famous Studio Lot [Yahoo! Finance]

Paramount Global - Class A (PARAA) 
Company Research Source: Yahoo! Finance
succeeds in buying the studio's parent company, according to people familiar with management's thinking. Most Read from Bloomberg Microsoft's Xbox Is Planning More Cuts After Studio Closings ‘Seriously Underwater' Home Mortgages Tick Up Across the US Americans Are Racking Up ‘Phantom Debt' That Wall Street Can't Track Marjorie Taylor Greene Finally Got What She Deserved: Defeat The consumer electronics giant already owns a large film and TV-production facility in nearby Culver City. Tokyo-based Sony is most interested in Paramount Global for its intellectual property, which includes movies like The Godfather and Top Gun: Maverick, said the people, who asked to not be identified because the discussions are private. It plans to keep Paramount Pictures as a label within Sony. Sony is partnering with Apollo Global Management Inc. on a proposed $26 billion purchase of Paramount Global, which also owns networks like CBS, MTV and Nickelodeon. The two submitted a nonbinding lett Show less Read more
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