News Formal

Sony and Apollo send letter expressing interest in $26 billion Paramount buyout as company mulls Skydance bid

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Norge Nyheter Nyheter

Norge Siste Nytt,Norge Overskrifter

Sony and Apollo expressed formal interest in a Paramount Global buyout as Paramount’s special committee is prepared to give its recommendation to…

Apollo and Sony have sent a letter to the Paramount board expressing formal interest in doing a $26 billion takeover of the company.

Skydance Media hasn't heard anything from the special committee yet, though it expects to find out the special committee's recommendations on next moves as early as Thursday, according to people familiar with the matter. Paramount's panel could recommend approving Skydance's offer or rejecting it, or it could come back to the Skydance consortium with alternatives or changes.

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyParamount Global shares jumped more than 12% on the news that Sony and Apollo submitted a letter formalizing its interest, earlier reported by

 

Takk for kommentaren din. Kommentaren din vil bli publisert etter gjennomgang.
Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

 /  🏆 545. in NO

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

Sony and Apollo send letter expressing interest in $26 billion Paramount buyout as company mulls Skydance bidSony and Apollo expressed formal interest in a Paramount Global buyout as Paramount's special committee is prepared to give its recommendation to Skydance.
Kilde: CNBC - 🏆 12. / 72 Les mer »