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Stock impact report

Sony and Apollo Weigh Joint Bid for Paramount Global [Yahoo! Finance]

Sony Group Corporation American Depositary Shares (SONY) 
Company Research Source: Yahoo! Finance
The Hollywood Reporter has confirmed that executives at Sony Corp., including Sony Pictures chief Tony Vinciquerra, have been in touch with Apollo Global Management about making a joint bid for the entertainment company. More from The Hollywood Reporter Paramount Advertising Ups Ryan Briganti to Head of Sports Paramount Confirms That Board Members Will Step Down at Annual Meeting Amid Skydance Deal Talks Paramount's Future: Is Skydance Deal "Path of Least Resistance" or Will It Get Derailed? Apollo had previously made a $26 billion offer for Paramount, inclusive of equity and debt, though it was reportedly dismissed. But partnering with Sony would likely eliminate any cash or financing concerns. The New York Times first reported the Sony talks, adding that no offer has been made, given that the exclusive negotiating window is still in place. The Times reported that one structure under consideration would see Sony and Apollo effectively take Paramount private, with Sony ow Show less Read more
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