Paramount Global (PARA) has entered into acquisition talks with Sony (SONY) and Apollo Global Management (APO), who proposed a joint bid of $26 billion to buy the media firm. Last week, Paramount top executive Bob Bakish stepped down for his chief executive role while Paramount ended its exclusive talks with Skydance Media last week.
MoffettNathanson Managing Director and Equity Research Analyst Robert Fishman joins Catalysts to give insight into a potential deal for Paramount.
“There’s lots of uncertainty that comes to play with all these different scenarios, and there’s some risks involved in that too,” Fishman says. “So, as an independent shareholder, really, you’ve been swung around and trying to understand how the future of this can go, because as an independent firm going forward, there are still significant challenges ahead, and that includes fundamental challenges on the enterprise that we follow. ”
Yahoo money management Executive Editor Brian Sozzi sat down with Apollo Global Management top executive Marc Rowan at the 2024 Milken Institute Global Conference, discussing Apollo’s search for value through this Paramount deal.
Note: Apollo Global Management is Yahoo’s parent firm.
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