Acquisition of Paramount possible according to report

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Acquisition of Paramount possible according to report

acquisition, Paramount, Report

According to a report, SONY is said to be in talks to take over Paramount.

Could the streaming service Paramount+, television channels such as MTV, Comedy Central and Showtime and brands such as Yellowstone, Sonic the Hedgehog and Top Gun soon belong to SONY?

That would be quite possible, because according to a report in the New York Times, SONY is in talks with the investment firm Apollo Global Management to take over Paramount.

SONY boss Tony Vinciquerra is said to have spoken to the investment firm last week. An official offer has not yet been made. Conditions are probably still being negotiated.

What SONY plans to do with Paramount remains to be seen. As Bloomberg noted, SONY is the only major entertainment studio that doesn’t have its own streaming service. The reasons for purchasing are obvious.

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