Sony & Paramount Sign Non-Disclosure Agreement Allowing Deal Talks To Start, But It’s Not Looking Like A $26 Billion Bid For Whole Company Anymore
A look at the books is necessary to move forward in any case. Watch on Deadline Sony just wants the studio. Some industry players believeApollomostly wants the studio lot as a real estate play. Shari RedstoneViacomCBS Paramount Globals CBS broadcast assets might need to be sold off. Sony might not be able to own them under foreign ownership regulations, and may not want to. As things stand, Apollos current station holdings would put it over the Congressionally mandated broadcast cap....