PARAA Aug 2024 20.000 put
| Previous Close | 1.3000 |
| Open | 1.2000 |
| Bid | 0.0000 |
| Ask | 2.8500 |
| Strike | 20.00 |
| Expire Date | 2024-08-16 |
| Day's Range | 1.2000 - 1.3000 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 80 |
- Yahoo Finance Video
Can Sony, Apollo sell CBS if they do acquire Paramount?
Paramount (PARA, PARAA) is in deal talks with Sony (SONY) and Apollo Global (APO), but should the potential suitors acquire the media giant, they have plans to break it up and sell off the CBS network. To shed light on this development, Bank of America Securities Senior US Media and Entertainment Analyst Jessica Reif Ehrlich joins Catalysts. Ehrlich notes that Sony "can't own" CBS due to foreign ownership rules. However, Ehrlich highlights that if the transaction were to proceed, two questions would arise: Who can afford to own CBS and who can even own CBS "from a legal perspective"? Note: Apollo Global Management is a majority owner of Yahoo, Yahoo Finance's parent company. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
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ReutersParamount in talks to open its books to Sony, Apollo, sources say
Paramount Global is in talks about opening its books to a consortium of Sony Pictures and buyout firm Apollo Global Management interested in acquiring the U.S. media company, people familiar with the matter said on Wednesday. Doing so would pave the way for Apollo and Sony to firm up their $26 billion offer and challenge a rival bid from David Ellison's Skydance Media. A special committee of Paramount's board that is evaluating the company's options allowed an exclusivity period to lapse in its deal discussions with Skydance last week.
