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Paramount: Paramount will let exclusive talks with Skydance lapse

Paramount Global will end exclusive negotiations with Skydance Media without a deal, opening the door for a rival bid. Sony Pictures Entertainment and Apollo Global Management have expressed interest in acquiring Paramount Global for $26 billion. The move comes amidst internal turmoil at Paramount, including the replacement of CEO Bob Bakish. Paramount has been struggling with the aftermath of Hollywood strikes, a soft advertising market, and competition in the streaming sector. The potential ac...
New York United States Bob Bakish David Ellison Skydance Aaron Sobel Tony Vinciquerra

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