Paramount's Options: Apollo-Sony or Skydance? The CEO Office Might Win Out | Analysis [Yahoo! Finance]
Sony Group Corporation American Depositary Shares (SONY)
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Source: Yahoo! Finance
committee decided over the weekend to formally consider a $26 billion, all-cash offer for the company from Sony Pictures Entertainment and the private equity firm Apollo Global Management. The committee will continue to explore the initial deal proposed by Skydance founder David Ellison. But they will also consider the Sony-Apollo joint deal, according to two individuals TheWrap spoke with on Sunday. It sounds like we are back to square one. There is, however, another option. The newly-named “ Office of the CEO ” — composed of the three top executives Brian Robbins, George Cheeks and Chris McCarthy — who replaced ousted CEO Bob Bakish last week, are in the drivers seat right now. They are a viable go-forward option for Paramount, and they have a plan. According to four individuals who spoke to TheWrap, the executives met with the Paramount board last week and offered a detailed plan to address the most pressing problems and turn the listing company around over the next three
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News
- Sony and Apollo Take Key Step in Bid for Paramount’s Assets [The New York Times]The New York Times
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SONY
Earnings
- 5/15/24 - Beat
SONY
Sec Filings
- 5/14/24 - Form 6-K
- 5/14/24 - Form 6-K
- 5/14/24 - Form 6-K
- SONY's page on the SEC website