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One scenario under discussion is allowing Apollo to provide its minority stake back again to Sony within a few years, allowing Sony to consolidate here! ownership of the company.
A Exclusive committee of Paramount’s board of directors satisfied Saturday and signed off on beginning deal talks with Sony and Apollo, which very last 7 days submitted a nonbinding letter of desire featuring to purchase the company for approximately $26 billion in hard cash, the men and women mentioned.
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Paramount, the proprietor of Nickelodeon, MTV, CBS and Paramount Shots, continues to be exploring a deal as it faces industrywide headwinds, including the drop of cable TV along with the unprofitability of its streaming business.
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