Sony in talks to team with Apollo to bid for Paramount [Los Angeles Times (CA)]
Sony Group Corporation American Depositary Shares (SONY)
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Source: Los Angeles Times
While the talks are preliminary, the two sides have been hashing out the contours of a deal that would have the Culver City-based Sony film and television studio take the lead in the partnership. If a deal were consummated, Sony would control a significant majority stake of Paramount, according to a person familiar with the discussions but not authorized to speak publicly. Sony and Apollo haven't formally made a bid for Paramount. Instead, they are on the sidelines during an exclusive 30-day negotiation period that Paramount's independent board directors have extended to entrepreneur David Ellison, who heads Skydance Media. That negotiation period expires in early May. Ellison has teamed up with investment firms RedBird Capital and KKR in its takeover of Shari Redstone's family holding company National Amusements, which would be followed by a merger of Skydance with Paramount. Ellison and former NBCUniversal Chief Executive Jeff Shell, who's now an executive with RedBird, wou
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SONY
Earnings
- 2/15/24 - Beat
SONY
Sec Filings
- 4/12/24 - Form 6-K
- 4/3/24 - Form 6-K
- 3/29/24 - Form 6-K
- SONY's page on the SEC website