Get the latest gossip
Paramount To Negotiate With Sony & Apollo But Continue Skydance Talks; James Cameron, Ari Emanuel Back David Ellison – Update
Paramount's month-long exclusive negotiating window with Skydance ends tonight with a deal still in limbo, and suitors Sony and Apollo in the mix.
In the face of clamorous objections from other Paramount shareholders on the initial deal structure, it sweetened the pot for owners of the common stock. It’s not clear if that’s happening now, may be unlikely, because Paramount now has another offer on the table from a team of Sony Pictures Entertainment and private equity giant Apollo. The company also declined to take questions on its quarterly earnings call, a rare occurrence and the latest twist in an unpredictable ride at Paramount this year.
Or read this on Deadline
