paramount
US media conglomerate Sony Pictures Entertainment and asset management firm Apollo Global Management have reportedly submitted a $26 billion all-cash buyout offer to take entertainment giant Paramount Global private. The report on the bid by Sony Pictures Entertainment, which is affiliated to Japanese conglomerate Sony Group Corporation, cited people familiar with the matter. Sony's proposal comes as a special committee established by the board of Paramount Global evaluates a final offer from film producer David Ellison's Skydance Media to merge the two companies while keeping Paramount Global...
DPA Breaking News
Hollywood giant Paramount is replacing its previous boss with a trio of managers in the midst of merger negotiations, the company said on Monday. Instead of chief executive officer Bob Bakish, the three top managers of the various divisions are to lead the group, Paramount said. "To lead and oversee the company moving forward, Paramount Global has established an Office of the CEO, consisting of three senior company executives: George Cheeks, President and CEO of CBS; Chris McCarthy, President and CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, President...
DPA Breaking News
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