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Stock impact report

Paramount will let exclusive talks with Skydance lapse, NYT reports [Reuters]

Sony Group Corporation American Depositary Shares (SONY) 
Company Research Source: Reuters
Shares of the media giant rose 3% in extended trading. A special committee of Paramount's board, which was established to evaluate the media company's options, spent months negotiating with Skydance and its partners, Redbird Capital and KKR However, were critical of the deal, and urged the board to conduct a more thorough review of the alternatives. Sony Pictures Entertainment and private equity firm Apollo Global Management have sent a letter to the Paramount board, expressing interest in acquiring the company for $26 billion in an all-cash offer. Get weekly news and analysis on the U.S. elections and how it matters to the world with the newsletter On the Campaign Trail. Sign up Reporting by Akash Sriram in Bengaluru and Dawn Chmielewski in Los Angeles; Editing by Anil D'Silva Our Standards: Show less Read more
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