( ) -q-22- UNDATED (Correspondent Jeremy House) “for a deal.” Sony Pictures and the private equity firm Apollo Global Management have expressed interest in buying Paramount Global for $26 billion. [CutID: <Cuts> SONY-APOLLO-PARAMOUNT-house-q-FRIam.mp3 Time: 22s Title: SONY-APOLLO-PARAMOUNT-house-q-FRIam Out-cue: for a deal] TAG: Correspondent Jeremy House reporting. Earlier this week, New York-based Paramount said that Bob […]
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Sony Pictures and private equity firm interested in buying Paramount for $26 billion, AP source says
( ) -q-22- UNDATED (Correspondent Jeremy House) “for a deal.”
Sony Pictures and the private equity firm Apollo Global Management have expressed interest in buying Paramount Global for $26 billion.
[CutID: <Cuts> SONY-APOLLO-PARAMOUNT-house-q-FRIam.mp3
Time: 22s
Title: SONY-APOLLO-PARAMOUNT-house-q-FRIam
Out-cue: for a deal]
TAG: Correspondent Jeremy House reporting. Earlier this week, New York-based Paramount said that Bob Bakish would step down as CEO of the film, television and multimedia company, to be replaced by a trio of executives who will form a new “Office of the CEO.”
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VERBATIM: A person familiar with the details says Sony would be the majority shareholder and Apollo would have a minority stake. The Sony-Apollo offer was first reported by The Wall Street Journal. The newspaper reported previously that Apollo had made an offer to buy Paramount on its own but Paramount’s board had concerns about the bid, including whether it could arrange financing for a deal.