Shari Redstone
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Movies
Sony Pictures, Apollo Offer to Buy Paramount Global for $26 Billion in Cash
In a new development in the mergers and acquisitions narrative of Paramount Global, Sony Pictures Entertainment alongside Apollo Global Management have proposed a move to privatize Paramount through a substantial all-cash offer of $26 billion. This non-binding proposal was reportedly submitted to Paramount Global on Wednesday, as initially revealed by the Wall Street Journal.
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Movies
Paramount Global Boots Bob Bakish as CEO, Names New Leadership Team of Three Execs
Paramount Global has officially announced the departure of CEO Bob Bakish after almost 30 years with the company and its predecessor, Viacom. This significant change occurs as the board and major shareholder Shari Redstone negotiate a potential merger with Skydance Media.
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