Sony will not submit another bid for Paramount Global as “it does not fit well with our strategy,” according to the president of the Japan-based PlayStation maker.

Sony and Apollo, which made a nonbinding expression of interest in acquiring Paramount for $26 billion last week, are also likely to keep Paramount’s library of films and TV shows and the rights ...

Shares of Paramount Global slid Tuesday following a CNBC report that Sony was “rethinking” its bid to acquire Paramount in conjunction with private-equity firm Apollo Global Management ...

Sony essentially was after the Paramount studio and had plans to cut the more burdensome parts of the conglom, i.e. auctioning off CBS, linear channels like MTV and the Paramount+ streaming service.

In the latest twist in Paramount Global’s M&A saga, Sony Pictures Entertainment and Apollo Global Management have made a bid to take Paramount private with an all-cash buyout offer of $26 ...

Sony currently has no plans to submit a revised offer for Paramount, said Hiroki Totoki, the company's chief financial officer. In a response to a question during Sony's fiscal first-quarter ...

Having Sony, a $100-billion company (by market cap, where Paramount Global is worth just $8 billion), on board certainly helps calm financial fears. Sony is also Skydance on steroids.

Sony and investment firm Apollo Management are in talks about a joint buyout of Paramount Global, according to multiple outlets, sending Paramount shares up around 12% in after-hours trading Thursday.

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 ...

Sony Says a Deal For Paramount “Does Not Fit Well With Our Strategy” Shari Redstone has agreed to sell control of her empire, but the company has a "go-shop" window until Aug. 21.

The closest comp to a would-be Sony-Paramount buyout happened in 2019, when Disney finally closed its deal to buy 20th Century Fox. Then in 2022, Amazon absorbed MGM.