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.
Skydance said its latest capital raise in the fall of 2022 valued it at over $4 billion.
Combining another two studios also poses a regulatory risk.
It did not appease them and its not sure anything would.
Its also not clear if they have a case to sueas theyve been threatening legal actionfrom day one.
Jeff Shell would step in to run things under David Ellison.
Shareholders loved the Sony-Apollo $26 billion cash offer.
It will be interesting to see what they think with that no longer on the table.
