Sony (NYSE:SONY) and Apollo Group (NYSE:APO) plan to sell the Paramount Group's (NASDAQ:PARA) CBS network as well as the ...
Paramount's stock soon shot up on the news, closing at $12.51 a share, up 11.8% Apollo could realize a minimum ... it involves the entire Paramount/CBS library, contracts for licensing the library ...
As a private equity firm, selling Paramount’s assets to the highest bidder was always a high probability for Apollo. Federal regulations may have compelled it to sell CBS, as it already holds a ...
Private equity firm Apollo Global Management reportedly has ... popular television network CBS and several other legacy brands and franchises — since at least last summer. Shari Redstone ...
Instead of attempting to purchase all of Paramount’s assets, including the broadcast channel CBS and cable networks like Nickelodeon and Paramount Network, Apollo is reportedly after the studios ...
Apollo could pursue a full acquisition of Paramount or just some of the items on its list of assets. The firm could see pushback from regulators thanks to local CBS stations if talks proceed.