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...
- 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.
Since then, Sony has been expanding its entertainment business, which spans film, music and television production, as well as distribution and publishing. A tie-up between Sony and Paramount would give it a 20.5% share of the North American box office, according to Comscore's market share analysis, using 2023 ticket sales.Skydance had proposed a complex transaction, in which it would pay roughly $2 billion to acquire the Redstone family's holding company, National Amusements, which holds 77% of Paramount's class-A voting stock.
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