[ Paramount Global shares jumped 13% Friday as investors cheered news that Sony Pictures Entertainment is talking with Apollo Global Management about joining Apollo’s bid for Paramount. The beleaguered stock ended the day at $12.44 after registering more than twice its normal trading volume. Shares reached their highest point since February, offering fresh evidence that … Read more
[ Remember those rumors, oh, eight years ago about how Sony was a target for acquisition? No more. Still, don’t say merger yet. Deadline has confirmed that Sony Picture Entertainment CEO Tony Vinciquerra has been in talks with Apollo Global Management about making a go for Paramount. This despite Skydance/Redbird Capital being in exclusive talks … Read more
[ EXCLUSIVE: We are hearing that Apollo Global Management, which was mulling an offer for National Amusements, the Redstone family company that controls Paramount Global, is no longer considering the move. Reps for Apollo Global Management, Paramount Global and National Amusements declined comment Monday. While the situation remains fluid and it may be too early … Read more
[ The Offer is the name of a series on Paramount+. Now, it could be the logline for Paramount Global. National Amusements, Inc., the Shari Redstone-led company that owns the majority of voting shares in Paramount Global, is reportedly fielding interest from another entity mulling an acquisition offer. Apollo Global Management is among the wealthy … Read more
