WBIL - Sony Apollo Said To Be In Talks To Access Struggling Paramount's Financials To Pave Way For Potential $26B Acquisition | Benzinga
Sony Group Corp (NYSE:SONY) and Apollo Global Management Inc (NYSE:APO) are reportedly in discussions with Paramount Global (NASDAQ:PARA) to gain access to the latter’s financial records, a move that could potentially lead to a $26 billion acquisition.
What Happened: Paramount Global is currently in talks to share its financial information with Sony and Apollo, who are both interested in acquiring the U.S. media company, reported Reuters citing people familiar with the matter.
The confidential discussions are aimed at finalizing the terms of a non-disclosure agreement, which would allow the exchange of sensitive commercial data.
Paramount’s special committee, responsible for evaluating the company’s options, recently allowed an exclusivity period with Skydance Media to expire. This has opened the door for Sony ...