Sony’s Tom Rothman On Skydance-Paramount Deal, Calls David Ellison “A Very Capable Executive” – ‘Fly Me To The Moon’ Premiere
What is the value of the Skydance-Paramount deal?
The Skydance-Paramount deal values Skydance at $4.75 billion and is expected to create a company with an enterprise value of $28 billion4. The transaction will involve Skydance first acquiring National Amusements, which holds a controlling stake in Paramount, and then merging with Paramount Global2.
How much did Sony and Apollo offer for Paramount Global?
Sony and Apollo offered $26 billion to acquire Paramount Global in an all-cash buyout. This offer would be a premium over the company's current $22 billion enterprise value3.
What regulatory issues could Sony face in acquiring Paramount?
Sony could face several regulatory issues in acquiring Paramount. As a foreign company, Sony is prohibited from owning a U.S. broadcast network. Additionally, Apollo, Sony's partner in the bid, owns a majority stake in television ownership group Cox Media, which could lead to violations of FCC rules that prevent one entity from owning stations reaching more than 39% of the total American audience. The Department of Justice could also potentially block the merger on the grounds that it would reduce competition by decreasing the number of major studios.