sony, an entertainment and technology company, is constantly thinking about ways to improve its catalog of services and products. Rumors dating back to the beginning of this decade reported interest in buying important multimedia companies; At that time no acquisition of this type was completed, but apparently the company has one of the most relevant entertainment companies in its sights.
Reports have just emerged exposing the intentions of sony to get paramount (Paramount Global) and make it private.
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¿sony will buy Paramount Global?
According to the information, last week the general director of Sony Picture Entertainment, Tony Vinciquerra has met with the investment firm Apollo Global Management to join forces and through a joint investment buy the conglomerate Paramount Globalformerly known as ViacomCBSwhich among its divisions is Paramount Picturesa film production and distribution company responsible for the adaptations of Halo, Sonic the Hedgehog and The Legend of Zelda for film or television.
As reported, a past offer of Apollo would have been $26 MMDD to take the company private, so it is expected that with the support of sony be bigger. However, it is striking that until now Skydance/Redbird Capital is the preferred candidate to complete the purchase, since he has held talks exclusively with National Amusementsthe company's majority shareholder.
After these reports came to light, the value of the shares of paramount increase 14%.
Although there are already 3 reliable sources that report on the matter (Bloomberg, deadline and The New York Times), it is important to remember that there is no official information about it and both sony as Apollo They have not made any statement.
We will keep you informed.
In case you missed it: Sony raised the price of Crunchyroll after Funimation closed.
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