Lego is gearing up to deliver a detailed model of the original “rock and rolling ride,” the electric buggy driven by NASA’s last three Apollo crews to explore the moon. The new Lego Technic “NASA Apollo Lunar Roving Vehicle – LRV” set will roll into Lego stores on Aug. 1. “Embark on a journey to […]
Tag: Apollo
Apollo Spacecraft Launches For Abort Test
On May 13, 1964, NASA launched the second abort test of the Apollo spacecraft. This uncrewed mission would demonstrate that the launch escape system could safely eject the Apollo command module in case of an emergency. For the first test, the command module ejected just above the launchpad 15 seconds after liftoff. But the second […]
Intel nears $11 billion deal with Apollo for Ireland factory, WSJ reports
(Reuters) -Intel is in advanced talks for a deal with Apollo Global Management in which the equity firm would provide more than $11 billion to build a facility in Ireland, the Wall Street Journal reported on Monday. The move comes as Intel looks to expand its presence across the United States with a planned $100-billion […]
Voltmeter Display Keys Ignition for Zero Apollo Electric Scooter
Paramount in talks to open its books to Sony, Apollo, sources say
By Dawn Chmielewski and Anirban Sen (Reuters) – Paramount Global is in talks about opening its books to a consortium of Sony Pictures and buyout firm Apollo Global Management interested in acquiring the U.S. media company, people familiar with the matter said on Wednesday. Advisers to both sides are discussing the terms of a confidentiality […]
Hillsborough’s Apollo Beach Elementary will become a K-8 school
In a move reminiscent of last year’s school expansion in Original Carrollwood, the Hillsborough County School Board agreed Tuesday to add three middle school grades to Apollo Beach Elementary School. The transition will begin in August with the addition of sixth grade. Another grade will be added every year until Apollo Beach is a K-8 […]
Paramount Opens Talks With Sony and Apollo for Acquisition
A special committee of Paramount’s board of directors decided over the weekend to formally open negotiations with Sony Pictures Entertainment and private equity group Apollo Global Management, an individual with knowledge told TheWrap. The decision follows an exclusive negotiation period between Paramount and Skydance ending Friday with no deal made. A spokesperson for the special […]
Sony and Apollo propose $26 billion Paramount offer, WSJ reports
(Reuters) -Sony Pictures Entertainment (SPE) and Apollo Global Management have made a $26 billion cash offer for movie group Paramount Global, the Wall Street Journal reported. The two companies submitted a non-binding offer letter on Wednesday, signed by Sony Pictures Chief Executive Tony Vinciquerra and Apollo partner Aaron Sobel, said the WSJ, citing people familiar […]
Sony, Apollo Propose $26 Billion Deal for Paramount Global
(Bloomberg) — Sony Group Corp. and Apollo Global Management Inc. made a $26 billion proposal to buy Paramount Global, the media giant that owns CBS and MTV, according to people with knowledge of the matter. Most Read from Bloomberg The offer was described as a nonbinding expression of interest, said the people, who asked not […]
Sony and Apollo make formal $26-billion joint bid for Paramount
The Sony Pictures Entertainment lot in Culver City. (Jay L. Clendenin / Los Angeles Times) Sony Pictures Entertainment and Apollo Global Management have officially put in a bid for Paramount Global, as competition for the storied film and TV company continues to heat up. Sony and Apollo submitted their $26-billion all-cash offer this week, according […]
Paramount stock soars as Wall Street sees possible Sony, Apollo buyout as ‘positive’ for all shareholders
Paramount (PARA) stock jumped as much as 15% on Friday following media reports that private equity firm Apollo Global Management is in discussions to acquire the media company through a joint buyout bid with Sony Pictures Entertainment. The development comes after Paramount reportedly declined a previous $26 billion all-cash offer, which included $14 billion worth of […]
Paramount jumps on report of Sony Pictures, Apollo discussing joint buyout bid
(Reuters) – Shares of Paramount Global rose more than 9% in premarket trade on Friday, after Reuters reported Sony Pictures Entertainment and Apollo Global Management were discussing a joint bid to acquire the media company. Paramount is currently engaged in exclusive deal talks with Skydance Media, an independent studio led by David Ellison, though some […]