Sony Pictures, Apollo Offer to Buy Paramount Global for $26 Billion in Cash

[Nutso]

https://variety.com/2024/biz/news/sony- ... 235981220/

In the latest twist in Paramount Global’s M&A saga, Sony Pictures Entertainment and Apollo Global Management have made a bid to take Paramount private with an all-cash buyout offer of $26 billion.

Sony and private-equity giant Apollo submitted a letter with the non-binding offer Wednesday to Paramount Global, as first reported by the Wall Street Journal. The bid, which would include the assumption of debt and could be negotiated, would be a premium over the company’s current $22 billion enterprise value.

[RK_Striker_JK_5]

Slowly but surely, Buy and Large will be real.