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Stock impact report

Would Paramount Bidders Break It Up? [The New York Times]

Sony Group Corporation American Depositary Shares (SONY) 
ImageParamount bidders have a plan to break up the media giant.Credit...Alex Welsh for The New York TimesSplitting the Paramount empireEver since Sony Pictures Entertainment and Apollo Global Management expressed interest in buying Paramount Global, a big question has loomed over the potential $26 billion deal: What would they do with the company?The answer:Break it upSony and Apollo would keep Paramount Pictures.Paramount Pictures would become part of a joint venture controlled by Sony, withEverything else would be up for sale,There are complicating factors.necessarilyAnd investors in Sony are showing some concern about what a Paramount deal might mean for the company’s balance sheet. Shares in the Japanese conglomerate are down 9 percent over the past five days — though asset sales may allay those worries.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode Show less Read more
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