Paramount’s $110 Billion Takeover of Warner Bros. Discovery Closes as the New ‘Skydance’ Is Born
David Ellison’s yearlong pursuit ends with HBO, CNN, CBS, DC and two of Hollywood’s most storied studios under one roof, trading under the ticker SKYD.
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Sony and Apollo move ahead with Paramount bid process but reticent about earlier plan, NYT reports
Sony Pictures Entertainment and Apollo Global Management have signed nondisclosure agreements to explore a potential bid for Paramount’s assets, but they are reconsidering the initially planned all-cash offer of $26 billion. Paramount has been facing challenges from industry strikes, soft advertising market, and declining cable subscriptions, prompting discussions with other studios.