Sony Pictures in Talks To Join Bid for Paramount, New York Times Reports
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Dow Jones
--Sony Pictures Entertainment, the movie studio division of Sony, has been in discussions with Apollo Global Management about potentially joining a bid for Paramount, The New York Times reports, citing two people familiar with the situation.
--Sony Pictures and Apollo have not submitted an official bid because Paramount is in exclusive talks with Skydance.
--The people said the bid would be an all-cash offer for outstanding stock in Paramount, though the terms are still being negotiated.
Full article at https://nytimes.com/2024/04/18/business/paramount-sony-apollo-bid.html?searchResultPosition=1
Write to ben.glickman@wsj.com; @benglickman
(END) Dow Jones Newswires
April 18, 2024 18:51 ET (22:51 GMT)
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