Paramount’s stock took a dip on Wall Street amid Tuesday reports that Sony is reconsidering its current joint bid with Apollo Global Management to acquire the studio. On CNBC’s “Power Lunch,” reporter David Faber cited sources that said that Sony was “rethinking” its current bid of $26 billion alongside Apollo to acquire Paramount. Following the […]
(Reuters) -Shares of Paramount Global fell more than 7% on Tuesday after CNBC reported, citing sources, that Sony Pictures is rethinking its bid for the U.S. media company. “People close to the situation that I’ve been speaking to of late indicate that the likelihood of a bid, at least for the full company, seems to […]
Warren Buffett hasn’t found a lot to like in the stock market recently. In each of the last six quarters, Buffett has sold more stocks for Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) than he bought. Last quarter, he sold off a big chunk of his Apple (NASDAQ: AAPL) position and the entirety of his Paramount […]
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 […]
Sony’s Bold $26B Paramount Bid Raises Eyebrows: Can They Finance It? Sony Group Corp’s (NYSE:SONY) shares experienced a significant drop, the largest in nearly three months, following its joint $26 billion bid with Apollo Global Management Inc (NYSE:APO) to purchase American multinational mass media and entertainment conglomerate Paramount Global (NASDAQ:PARA). The offer has sparked concerns about Sony’s financial capacity to handle the […]
(Bloomberg) — Sony Group Corp.’s shares slid the most in almost three months after its proposal to buy Paramount Global raised financing concerns. Most Read from Bloomberg The stock dropped as much as 4.2% in Tokyo. The Japanese electronics company and Apollo Global Management Inc. made a $26 billion proposal to buy Paramount, which is […]
(Bloomberg) — At Berkshire Hathaway Inc.’s annual meeting in Omaha on Saturday, Warren Buffett heaped praise on Apple Inc. — after revealing he’d cut his stake in it. Most Read from Bloomberg Berkshire reported a $135.4 billion holding in the iPhone maker at the end of the first quarter, down from $174.3 billion at the […]
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 […]
By Dawn Chmielewski May 4 (Reuters) – A special committee of the Paramount Global board charged with evaluating offers for the company met Saturday morning, though rival bidders for the studio are awaiting word on next steps. Paramount ended its exclusive negotiations with Skydance Media without a deal on Friday, allowing the special committee to […]
(Bloomberg) — At Berkshire Hathaway Inc.’s annual meeting in Omaha on Saturday, Warren Buffett heaped praise on Apple Inc. — after revealing he’d cut his stake in it. Most Read from Bloomberg Berkshire reported a $135.4 billion share in the iPhone maker at the end of the first quarter, down from $174.3 billion at the […]
By Dawn Chmielewski (Reuters) – A special committee of the Paramount Global board charged with evaluating offers for the company met Saturday morning, though rival bidders for the studio are awaiting word on next steps. Paramount ended its exclusive negotiations with Skydance Media without a deal on Friday, allowing the special committee to entertain other […]
By Dawn Chmielewski (Reuters) – A special committee of the Paramount Global board charged with evaluating offers for the company met Saturday morning, though rival bidders for the studio are awaiting word on next steps. Paramount ended its exclusive negotiations with Skydance Media without a deal on Friday, allowing the special committee to entertain other […]