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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 acquisition would strengthen Sony s position in the North American box office and create a formidable Hollywood studio. ....

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Paramount: Sony and Apollo express interest in buying Paramount in $26 billion deal

The new, joint expression of interest would make Sony a significant majority and controlling shareholder and Apollo a minority shareholder. The proposed all-cash acquisition may appeal to Paramount shareholders who have come out against the Skydance deal over concerns it benefits the company s controlling shareholder, Shari Redstone, at the expense of others. ....

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Boeing's Starliner is about to launch − if successful, the test represents an important milestone for commercial spaceflight

The Starliner has had delays and issues. The May 2024 launch will put its capacity to carry crew to the International Space Station to the test. ....

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Sony Pictures and private equity firm Apollo express interest in buying Paramount for $26-billion

Sony would be the majority shareholder and Apollo would have a minority stake if Paramount Global purchase goes through ....

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CHA Pet of the Week: Jayden

Jayden is a 4-month-old Shepherd mix who is looking for his "fur-ever" home. He will steal your heart and keep you entertained. He and his sibling came to the Coconino ....

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