Remij 4,712 Posted May 2 Share Posted May 2 https://variety.com/2024/biz/news/sony-apollo-paramount-global-acquisition-offer-cash-1235981220/ Quote Sony and private-equity giant Apollo submitted a letter with the non-binding offer Wednesday to Paramount Global, as first reported by the Wall Street Journal. The bid, which would include the assumption of debt, comes as Paramount Global board’s special committee established to consider M&A proposals is evaluating the best and final offer from Skydance Media to merge Paramount and Skydance while keeping Paramount Global public. Shari Redstone, the controlling shareholder of Paramount Global, is known to prefer consummating a deal with David Ellison’s Skydance, whose bid is backed by RedBird Capital Partners and KKR. Reps for Paramount Global and the board’s special committee declined to comment. Reps for Apollo and Sony Entertainment didn’t immediately respond to requests for comment. Quote Link to post Share on other sites
Tears of the Cows 1,226 Posted May 2 Share Posted May 2 (edited) It would be funny to see Sony pay for halo development, but could make sense if halo makes its way to PS this better not fuck with my nfl streaming tho Edited May 2 by Tears of the Cows Quote Link to post Share on other sites
Goukosan 2,283 Posted May 2 Share Posted May 2 3 minutes ago, Tears of the Cows said: It would be funny to see Sony pay for halo development, but could make sense if halo makes its way to PS this better not fuck with my nfl streaming tho That's what you take out of this, the halo TV show? Lol 1 Quote Link to post Share on other sites
Mr. Impossible 424 Posted May 2 Share Posted May 2 7 minutes ago, Goukosan said: That's what you take out of this, the halo TV show? Lol Systemwars derangement syndrome. 1 Quote Link to post Share on other sites
lynux3 2,164 Posted May 2 Share Posted May 2 Good luck. I feel like anything Apollo Global touches turns to shit, but I guess if Sony is taking a stake they might not fuck it up too bad. Quote Link to post Share on other sites
MalaXmaS 651 Posted May 2 Share Posted May 2 Good. Soon they will be able to stream all of their games on Paramount, lmao TCHBFR Quote Link to post Share on other sites
lynux3 2,164 Posted May 2 Share Posted May 2 6 minutes ago, MalaXmaS said: Good. Soon they will be able to stream all of their games on Paramount, lmao TCHBFR 1 2 Quote Link to post Share on other sites
MalaXmaS 651 Posted May 2 Share Posted May 2 1 hour ago, lynux3 said: Quote Link to post Share on other sites
Cooke 2,041 Posted May 3 Share Posted May 3 You know what the world doesn't need? More consolidation of the entertainment industry. Quote Link to post Share on other sites
Mr. Impossible 424 Posted May 3 Share Posted May 3 2 hours ago, Cooke said: You know what the world doesn't need? More consolidation of the entertainment industry. It's unavoidable at this point. With cable and movie theaters dying and a million streaming networks it's unsustainable. In the past year WB deleted dozens of shows and movies to save money and Netflix/Disney/Amazon/WB have seemingly begun to release or broadcast shows that were platform exclusives to other apps. Quote Link to post Share on other sites
lynux3 2,164 Posted May 8 Share Posted May 8 Paramount chose Sony/Apollo to start formal negotiations. https://www.nytimes.com/2024/05/05/business/media/sony-apollo-paramount.html Quote Link to post Share on other sites
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.