Sony has long pursued Paramount’s Motion picture studio. Quite a few several years in the past, Sony executives achieved out to Paramount to check out if the company would be willing to provide Paramount Pics or merge it right into a joint venture, but Paramount signaled it was fascinated only in a very deal for The full corporation. So when Apollo designed a bid for all of Paramount this yr, Sony chose to crew up.
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Sony and Apollo at the moment are engaging with Paramount’s economic advisers on following measures inside their proposal, the persons reported. The two companies have not still signed official nondisclosure agreements or started due diligence reviews, a system that would get weeks.
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Sony and Apollo think that every time they decide to sell the Paramount assets, there could be quite a few rational prospective buyers, the 3 resources explained.
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