Shares of Paramount Global fell more than 7 per cent on May 14th after news broke that Sony Pictures is rethinking its bid for the US media giant. “People close to the situation that I’ve been speaking to of late indicate that the likelihood of a bid, at least for the full company, seems to […]
Sony Pictures Entertainment and Apollo Global Management have reportedly made a $26 billion (€24.2bn) bid for Paramount Global. The two companies have submitted a non-binding offer letter, signed by Sony Pictures Chief Executive Tony Vinciquerra and Apollo partner Aaron Sobel, according to the WSJ. Paramount’s shares rose 12 per cent on the news. News emerged […]
The Paramount logo is a mountain with a coronet of stars. Its sale still has a mountain to climb and the final outcome – pre-deal or post – is likely to be the current contenders, and others, picking and choosing between those star divisions of the business. When the movie (low budget straight to streaming) […]
US private equity group Apollo Global is considering hooking up with Sony Pictures Entertainment to make a joint takeover bid for Paramount Global to rival the deal on the table between controlling shareholder Shari Redstone and Skydance, the film studio. The potential of the bid is at an early stage, according to reports. If a […]
Private equity firm Apollo Global Management has reported offered $11 billion for Paramount Global’s Paramount Pictures film studio, according to Reuters. The film studio is considered the jewel of the Paramount media conglomerate, with an expansive movie library that is home to blockbuster franchises like Mission: Impossible, Star Trek, The Godfather and Transformers. . Shari […]
Aerojet Rocketdyne has won an order from the United Launch Alliance (ULA) for the delivery of 116 RL10C-X rocket engines that will be used in the giant Vulcan Centaur rocket. Aerojet Rocketdyne says the order is a direct result of the deal between ULA and Amazon “as part of the largest commercial launch contract in […]
In a move that it says will create a “global leader in edge enabled software solutions”, content delivery specialist Limelight Networks has entered into a definitive agreement to acquire Yahoo’s Edgecast, a provider of edge security, content delivery and video services, in an all-stock transaction. The transaction values Edgecast at approximately $300 million (€275.7m), or […]
Anuvu, the new name for the in-flight connectivity business previously known as Global Eagle, has raised $50 million (€44.2m) to fund what they describe as a small batch of geostationary satellites. Global Eagle was rescued out of bankruptcy protection in March 2021 and renamed Anuvu with the new business ordering two satellites out of a […]
A special acquisition business, Churchill Capital, is amongst a growing number of companies looking at AT&T’s pay-TV assets. Churchill Capital raised $2.07 billion in July and there are numerous reports that they are interested in making a bid for certain AT&T assets. Also with an interest in the proceedings is Apollo Global Management is said […]
Richard Linklater’s new animated film, Apollo 10 1/2: A Space Age Adventure will be produced by Linklater’s Detour FilmProductions and Submarine, and released by Netflix. Set against the backdrop of the 1969 Apollo mission to the moon, which celebrates its 51st anniversary this week, the new film is inspired by Linklater’s childhood in Houston, TX. […]