Sony and Apollo Said to Offer $26 Billion for Paramount
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Sony Group and Apollo Global Management have made a $26 billion proposal to acquire Paramount Global, the owner of CBS and MTV. The offer is an all-cash deal for Paramount shares and the assumption of debt. Paramount, controlled by Shari Redstone, has been considering a merger proposal from David Ellison, head of Skydance Media and son of Oracle co-founder Larry Ellison. Other Paramount investors have criticized Ellison's proposal, leading Paramount to consider other bids.
#Sony #Apollo #Paramount #Cbs #Mtv #ShariRedstone #DavidEllison #SkydanceMedia #LarryEllison
https://www.bloomberg.com/news/newsletters/2024-05-02/bloomberg-evening-briefing-sony-apollo-said-to-offer-26-billion-for-paramount
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