Paramount Global will likely not extend its 30-day exclusivity talks with Skydance Media to strike a deal as Sony Pictures Entertainment and private equity firm Apollo Global Management await a response to their $26 billion bid to buy the entertainment giant, according to a person familiar with the matter. A special committee of the Paramount board, created to … Read more
Sony Pictures and the private equity firm Apollo Global Management have expressed interest in buying Paramount Global for $26 billion, according to a person familiar with the details. Sony would be the majority shareholder and Apollo would have a minority stake, according to the person, who requested anonymity because details of the offer have not … Read more
Paramount Global is reportedly considering dumping longtime CEO Bob Bakish and replacing him with a group of executives as the entertainment giant inches closer to a deal with Skydance Media. Bakish, who has been privately critical of the company’s talks to merge with Skydance, would be replaced on an interim basis with an “Office of … Read more
