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SONY Jun 2024 75.000 put
| Previous close | 0.9000 |
| Open | 1.0100 |
| Bid | 0.9500 |
| Ask | 1.0500 |
| Strike | 75.00 |
| Expiry date | 2024-06-21 |
| Day's range | 0.9900 - 1.0100 |
| Contract range | N/A |
| Volume | |
| Open interest | 148 |
BenzingaSony'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
BloombergSony Shares Fall as Paramount Deal Spurs Financing Concerns
(Bloomberg) -- Sony Group Corp.’s shares slid the most in almost three months after its proposal to buy Paramount Global raised financing concerns.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortJack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’Russians Are Coming to Terms With Putin’s War in UkraineAt $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeThe stock dropped as much as 4.2% in Tokyo. The Japanese electronics company and Apollo Gl
- Yahoo Finance Video
Paramount deal talks: How investors are viewing risks
Paramount Global (PARA) has entered into acquisition talks with Sony (SONY) and Apollo Global Management (APO), who proposed a joint bid of $26 billion to buy the media company. Last week, Paramount CEO Bob Bakish stepped down for his chief executive role while Paramount ended its exclusive talks with Skydance Media last week. MoffettNathanson Managing Director and Equity Research Analyst Robert Fishman joins Catalysts to give insight into a potential deal for Paramount. "There's lots of uncertainty that comes to play with all these different scenarios, and there's some risks involved in that too," Fishman says. "So, as an independent shareholder, really, you've been swung around and trying to understand how the future of this can go, because as an independent company going forward, there are still significant challenges ahead, and that includes fundamental challenges on the business that we follow. " Yahoo Finance Executive Editor Brian Sozzi sat down with Apollo Global Management CEO Marc Rowan at the 2024 Milken Institute Global Conference, discussing Apollo's search for value through this Paramount deal. Note: Apollo Global Management is Yahoo's parent company. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
