A New Twist In the Paramount Global Potential Acquisition – Merger Arbitrage Mondays

Paramount Global (PARA): $12.44 EV: $22.75B The potential acquisition of Paramount Global heated up again last Friday when the New York Times reported that Sony is now in joint talks with Apollo for a potential bid for the media giant. After the various twists and turns about this rumored deal we have been reporting since the start of this year, starting with Media mogul Byron Allen $14.3 billion offer and the more recent convoluted potential deal with Skydance, this joint Sony and Apollo deal makes the most sense. You can check out the play by play evolution of all the offers in our Deals In The Works Tool but a brief timeline of this potential deal is given below: ┌── Jan 31, 2024 ── 📈 Byron Allen – $14.3B offer (Bloomberg) │ ├── Feb 7, 2024 ── 🚫 Warner Bros. Discovery (WBD) – No Interest (CNBC) │ ├── Mar 12, 2024 ── 🤝 Apollo Global Management (APO) – Reaches Out (Reuters) │ ├── Mar 20, 2024 ── 💰 Apollo Global Management (APO) – $11B Offer – Film & TV Studio (WSJ) │ ├── Apr 3, 2024 ── 🎬 Skydance Media – Exclusive Talks (NYT & WSJ) │ ├── Apr 5,...

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