Compagnie du Bois Sauvage S.A. (0O9C.L)
- Reuters
Paramount 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.
- Reuters
Explainer-What are the charges facing Archegos' founder Bill Hwang and his deputy?
Hwang and Halligan pleaded not guilty. Authorities allege Hwang and Halligan lied to banks in order to maximize Archegos' borrowing so the firm could manipulate prices of its stockholdings, which included ViacomCBS, which is now Paramount Global, and Discovery, now part of Warner Bros Discovery. Prosecutors accused Archegos of using the borrowed money to buy swaps, which further increased the firm's economic exposure to the stocks.
- Benzinga
Sony's Bold $26B Paramount Bid Raises Eyebrows: Can They Finance It?
Sony Group Corp’s (NYSE:SONY) shares experienced a significant drop, the largest in nearly three months, following its joint $26 billion bid with Apollo Global Management Inc (NYSE:APO) to purchase American multinational mass media and entertainment conglomerate Paramount Global (NASDAQ:PARA). The offer has sparked concerns about Sony’s financial capacity to handle the acquisition, as the proposed deal exceeds Sony’s current cash reserves. Despite the concerns, market analysts suggest that more
