APO Jan 2025 27.500 put
| Previous close | 1.2500 |
| Open | 1.2500 |
| Bid | 0.8500 |
| Ask | 1.7000 |
| Strike | 27.50 |
| Expiry date | 2025-01-17 |
| Day's range | 1.2500 - 1.2500 |
| Contract range | N/A |
| Volume | |
| Open interest | 2 |
- Yahoo Finance Video
What a Sony, Apollo buyout of Paramount looks like: Analyst
Sony Pictures Entertainment (SONY) has entered talks with Apollo Global Management (APO), the parent company of Yahoo Finance, to discuss a possible joint buyout bid of Paramount Global (PARA,PARAA). According to the New York Times, both companies, through a joint venture, would offer cash for shares of Paramount, taking the company private. Citi Managing Director Jason Bazinet joins The Morning Brief to discuss the potential joint buyout bid from Sony and Apollo and what it could mean for all companies involved and investors moving forward. In terms of what consumers can expect, should a deal go through, Bazinet says: "I think you'll see fewer apps...If this bid between Apollo and Sony is right, Sony is really sort of an arms dealer, right? So they're going to presumably take the studio and just feed everybody's app. Then I would think that someone on the private equity side would, sort of, not want to absorb the losses from a streaming app like Paramount+ and would just focus on the cash-generative assets and pay down debt to create equity value." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
Barrons.comParamount Stock Jumps on Report That Sony Is a Potential Buyer
Sony’s movie division and investment firm Apollo Global have been in talks to make a bid for the media company, a report said.
ReutersParamount jumps on report of Sony Pictures, Apollo discussing joint buyout bid
Paramount is currently engaged in exclusive deal talks with Skydance Media, an independent studio led by David Ellison, though some investors have urged Paramount to explore other options. Private equity firm Apollo had earlier made a $26 billion bid for the company, and a separate $11 billion offer for Paramount's film studio. Its joint bid with Sony, which is still being structured, would offer cash for all outstanding Paramount Global shares and take the company private, a source told Reuters on Thursday.
