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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 billion.
YouTube TV and Paramount have agreed on a multi-year deal to keep CBS, MTV and the other 100 plus channels owned by the network on the platform.
Sony Pictures and the private equity firm Apollo Global Management have expressed interest in buying Paramount Global for $26 billion, according to a person familiar with the details.
Smithsonian Channel (93.33% owned by Blue Ant Media; 6.67% owned by Paramount Global) Note: Juicebox and Comedy Gold formerly existed as MTV2 Canada from 2001 to 2005 (later PunchMuch from 2005 to 2011), and TV Land Canada from 2001 to 2010, respectively.
According to Paramount Global, the merger will inject significant capital into Paramount, helping to address its debt and enabling investments in new content and technologies. [44] It will support Paramount Global's expansion into other entertainment industries, such as animation, sports and video games, where it currently has less presence.
YouTube TV announced the development on Thursday night in a blog post, saying subscribers will continue to have access to CBS and other Paramount channels, as well as any recordings in their library.
It features television shows, live streams of CBS for local affiliates in the United States (although pending availability), and miniseries and specials from the libraries of Paramount Global as a whole, including content from the libraries of CBS, CBS Sports, CBS News, Nickelodeon, MTV, Comedy Central, Paramount Network, Paramount Pictures ...
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 ...