Both KKR and Apollo have extensive experience operating companies in the media and entertainment industries. Read: https://lnkd.in/eHHnfeSk
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Could we be witnessing a colossal deal unfold in the #entertainment industry? It certainly seems that way! 🎬💼 Sony and U.S. investment fund Apollo Global Management, Inc. have proposed acquiring Paramount Global for a whopping $26 billion. Sony's film division hopes this #acquisition will strengthen its intellectual property portfolio. 📽️ While this joint bid marks a significant move, it would also rank as one of the largest overseas acquisitions by a Japanese company thus far, comparable to SoftBank Group Corp.'s landmark acquisition of U.K. chipmaker Arm in 2016, valued at over $32 billion. 🤝 Sony faces stiff competition in its bid for Paramount, with major U.S. film production company Skydance Media also in the running. Larry Ellison, along with U.S. investment firms RedBird Capital Partners and KKR, among others, are set to provide financial backing for Skydance's acquisition bid. 🌟 #Japan #acquisitions https://lnkd.in/dpEGH8F7
Sony Pictures and private equity firm interested in buying Paramount for $26 billion, AP source says
apnews.com
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In 2016 I briefly developed a project based on the great book "Makers and Takers" By Rana Foroohar. The book is all about the “financialization of America”—the phenomenon by which finance and its way of thinking have come to dominate every corner of business—and it's threat to the American Dream. The media industry is a stark illustration of financialization's impact. The merger and acquisition frenzy, particularly involving Warner Bros. Discovery, showcases how the quest for short-term profits can destabilize even established giants. The $43 billion spin-off of Warner properties from AT&T to Discovery in 2022 is under scrutiny, with analysts suggesting strategic alternatives like asset sales, restructuring, or mergers to create more shareholder value. According to the article below, Discovery could spin off all its linear assets into a separate holding company saddled with an estimated $40 billion in debt so that the core of the company (its Warner Bros. studios and direct-to-consumer assets) can return to growth. "Wall Street thinks that this new, spun off company comprised of linear TV assets could become a vehicle to roll up the rest of linear TV assets across the industry, noting that Disney, NBCUniversal and AMC Networks and others have channels that they could shed. " So basically linear TV becomes a niche market, saddled with debt, producing much less new content, like a new zombie cable service :) What's certain is a continued rocky road ahead for the media industry.... https://lnkd.in/dacH3CYq
Bank of America Analysts: Warner Bros. Discovery “Is Not Working,” Should Explore Strategic Options
https://www.hollywoodreporter.com
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Sony Pictures Entertainment and the private equity giant Apollo Global Management have formally expressed interest in acquiring Paramount for roughly $26 billion, according to two people familiar with the matter, a move that adds drama to an already chaotic deal making process . . . #sonypictures #appolo #paramount #investing #latestnews #trendingnews
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📢 ZEE-SONY SAGA: Lessons in Corporate Governance Exciting prospects unfolded as Zee Media and Sony approved a merger, promising a powerhouse with 75 news channels, streaming services, and studios. Puneet Goenka, Zee's CEO, was set to lead the merged entity, with Sony holding the majority of shares. However, fate took an unexpected turn. Zee faced allegations of defaulting on loan payments and corporate governance lapses, prompting an investigation by the Ministry of Corporate Affairs. Sebi banned key figures from holding managerial positions for five years. Despite CCI and NCLAT approvals, the dream merger collapsed. Sony, citing a lack of trust and disagreements over leadership transitions, called off the deal, demanding a $90 million termination fee. The Zee-Sony saga serves as a stark reminder of the indispensable role of corporate governance. It highlights the critical need for transparency, ethical practices, and trust between merging entities. In the corporate world, where partnerships can be transformative, robust governance becomes non-negotiable. #CorporateGovernance #ZeeSonyMerger #BusinessLessons #Leadership #Transparency #CorporateWorld 🌐🤝
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Sony Group Corp (NYSE:SONY) and private equity firm Apollo are preparing a $26 billion cash bid for Paramount Global (NASDAQ:PARA), challenging Skydance Media's offer as their exclusive negotiation period nears expiration. Sony would lead the investment with majority control, while Apollo would hold a minority stake, without the need to refinance Paramount's existing $16 billion debt. The proposed purchase price ranges from $17 to $19.50 per share. This development follows a surge in Paramount’s non-voting shares by 12.5% after news of the bid was reported. Apollo, backing this bid with full equity financing, previously approached Paramount with the same offer. Sony and Apollo plan to integrate their investment, Legendary Entertainment, into the deal. Skydance, supported by RedBird and KKR, has proposed a complex acquisition involving National Amusements and a stock deal for Skydance. According to... More at #Proactive #ProactiveInvestors http://ow.ly/vRmQ105rBab
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I'm excited to announce that my insights on the potential merger involving Paramount have been highlighted on Invest.com! The merger between Sony and Apollo could potentially be worth up to $29 billion, marking a significant shift in the media landscape. This development presents both opportunities and challenges in the industry. Check out the full article on Invest.com to learn more about this potential game-changing merger!
Sony/Apollo bid for Paramount could be worth as much as $29 billion - Source By Investing.com
investing.com
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Sony and Apollo send letter expressing interest in $26 billion Paramount buyout as company mulls Skydance bid: (CNBC) Sony Pictures and private equity firm Apollo Global Management have sent a letter to the Paramount Global board expressing interest in acquiring the company for about $26 billion, according to people familiar with the matter. To read this article: #hedgefund #portfoliomanagement #capital
Sony and Apollo send letter expressing interest in $26 billion Paramount buyout as company mulls Skydance bid | Hedge Fund News From HedgeCo.Net
https://www.hedgeco.net/news
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RedBird IMI, an operator of an investment vehicle focused on acquiring and investing in large-scale media, entertainment and sports content properties, agreed to acquire All3Media, a British worldwide independent television, film, and digital production and distribution company, from Warner Bros. Discovery, global media and entertainment company, and Liberty Global, a multinational telecommunications company, for £1.15bn. "All3Media is one of the world's great content companies, and this gives us an incredible platform to continue to grow our expanding portfolio. The demand for new shows and ongoing existing series, both scripted and unscripted, makes All3 a perfect fit for us. And we would not be doing this if not for the tremendous confidence we have in the outstanding All3Media management team, led by Jane and Sara," Jeff Zucker, RedBird IMI CEO. All3Media is led by Jane Turton and Sara Geater. Redbird IMI (led by Jeff Zucker) is advised by Redbird Advisors, Gagnier Communications (led by Daniel Gagnier) and Risa Heller Communications (led by Risa Heller). Warner Bros. Discovery (led by Bruce Campbell) and Liberty Global (led by Andrea Salvato) is advised by J.P. Morgan and DLA Piper. #MergersAcquisitionsDivestitures #Media #PrivateEquity
Redbird IMI to acquire All3Media from Warner Bros. Discovery and Liberty Global for £1.15bn.
app.mergerlinks.com
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Leading General Counsel | Expert in Financial Services, Entertainment Law, and Compliance | Driving Legal Excellence and Strategic Solutions for Complex Business Challenges
TikTok and AI are surging, cord-cutting is reducing linear TV profits, and the ad market is still being determined. Hollywood management teams seek cost cuts, mergers, and asset sales to optimise portfolios. Media and entertainment stocks face scepticism about achieving sustainable streaming profits. As industry CEOs head to Sun Valley, Paramount Global, Warner Bros. Discovery, Comcast, and AMC Networks struggle with declining stocks and investor concerns, highlighting the need for strategic adjustments and profitable streaming models.
Many Hollywood Stocks Are Now “Show Me” Bets for Wall Street Investors
https://www.hollywoodreporter.com
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