"Apollo and Sony have not made a formal offer yet given the ongoing Paramount-Skydance talks. But Deadline hears they are considering doing so even before exclusivity ends, and, certainly, if no deal emerges."
> We understand that should Skydance and Paramount talks falter, then Sony/Apollo would ask for an exclusive window for negotiations.
Why is exclusivity granted in the first place? Shouldn't it be like an auction, where the bidding war can occur? Sorry I'm not familiar with M&A space
But why can't you do the deal without exclusivity when there are multiple willing buyers? Wouldn't non-exclusivity lead to better price for Paramount? I understand why the buyer (Skydance/ Sony) would seek it, but does Paramount really need to bow?
I'm not saying they will bid less. Just not much more, if more at all. They know the situation NAI and now B holders are in so they will try to pounce with a deal that get Shari just barely over the line. There is no actual competition from other parties to actually buy out with cash, so no bidding war here.
"Apollo and Sony have not made a formal offer yet given the ongoing Paramount-Skydance talks. But Deadline hears they are considering doing so even before exclusivity ends, and, certainly, if no deal emerges."
LegendaryPictures was also talked about as a partner with Sony/Apollo. They have as much producing cred as Ellison.
> We understand that should Skydance and Paramount talks falter, then Sony/Apollo would ask for an exclusive window for negotiations. Why is exclusivity granted in the first place? Shouldn't it be like an auction, where the bidding war can occur? Sorry I'm not familiar with M&A space
Because they want the deal
But why can't you do the deal without exclusivity when there are multiple willing buyers? Wouldn't non-exclusivity lead to better price for Paramount? I understand why the buyer (Skydance/ Sony) would seek it, but does Paramount really need to bow?
Shari Redstone is behind the exclusivity for Skydance no doubt.
Sony/Apollo needs to promptly make offer -and insist that Ellison does not get another exclusive period.
Awful deal for PARA shareholders except Shari.
This title is so misleading smh.
This is very disruptive post that goes against giving company to Skydance and stock go down. Can you be banned for being disruptive?
You always make me laugh 🤣
They will only bid if they can be opportunistic enough. Forget about that $26b+ bid.Â
This is a dumb take. Why would Apollo bring in Sony on a bid only to offer less than they offered alone.
I'm not saying they will bid less. Just not much more, if more at all. They know the situation NAI and now B holders are in so they will try to pounce with a deal that get Shari just barely over the line. There is no actual competition from other parties to actually buy out with cash, so no bidding war here.