Sony Pictures Entertainment and Apollo Global Management have signed confidentiality agreements that will allow them to review internal documentation, including financial documentation, of Paramount Pictures before a possible purchase of the studio’s assets.
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According to the New York Times, the companies decided to abandon the original plan of making a $26 billion cash offer for Paramount and revise the amount in line with what analysts say after reading the newspapers.
Reuters reported earlier this week that Paramount intends to open its books to the Sony-Apollo consortium.
And the CNBC news service later emphasized that statements about the revision of the amount due to a decrease in the market valuation of the film company caused a fall in Paramount shares and an increase in the values of the Japanese company in the context of disclosure. of income information.
Sony and Apollo are now considering different approaches to acquiring Paramount’s assets. At the same time, the film studio refuses to comment, and potential buyers simply do not respond to requests.
Author:
Ekaterina Alipova
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
