AlsoPaisleyCat 🇨🇦

The Guardian’s take on the Sony-Apollo $ 26 billion offer for Paramount Global flags the likelihood of federal antitrust concerns with such a merger.

The bid does seem to have prompted a slightly better offer for non-voting class B shareholders from Redbird/Skydance.

https://www.theguardian.com/business/article/2024/may/02/sony-apollo-paramount-offer-share-price-increase?CMP=Share_iOSApp_Other

#ParamountGlobal #mergers_and_acquisitions #Antitrust #Sony

Sony and Apollo reportedly make $26bn offer for Paramount

Shares in media giant, whose chief executive Bob Bakish was this week ousted amid reports of clash with Shari Redstone, spike 12%

The Guardian
May 2, 2024 at 11:00pmWeb