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NEWS OF THE DAY! Paramount's Potential Breakup: Sony and Apollo's $26 Billion Bid Sparks Regulatory Rumble 1.Paramount Global, a big entertainment company, might get split up if Sony Pictures Entertainment and Apollo Global Management buy it as per a report. 2.The plan involves selling CBS broadcast network, Paramount's cable channels, and its streaming service, Paramount+. 3.Paramount Pictures would join Sony's movie studio, while Sony and Apollo would keep Paramount's TV shows, movies, and intellectual property. 4.Sony and Apollo haven't discussed this plan with Paramount yet. 5.Shari Redstone, who owns Paramount, might not like the idea, but it's not a deal-breaker. 6.Splitting up Paramount could make it easier for the deal to pass regulations, especially because U.S. laws might not allow Sony to own a broadcast network entirely. 7.Paramount is also thinking about sharing its financial details with Sony and Apollo, which could help with their $26 billion buyout offer. =>Please follow Finplate and stay updated with the latest #mergersandacquisitions news. Thanks in advance. To read the news in detail, click below: https://lnkd.in/g_2mH8Pe To familiarize yourself with the context of this news, kindly click on the following link. https://lnkd.in/gqrBwDR9 

  • paramount's potential breakup: sony and apollo's $26 billion bid sparks regulatory rumble summary

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