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astead herndonLast year, the comedian was Roy Wood Jr., a veteran of “The Daily Show” on Comedy Central —archived recording (roy wood jr.) Happy to be here. I don’t think you can ignore anything that the American people are bringing to you. So I think that’s where it ain’t funny to a lot of people. And I think that’s what we’re — those are the only two things we’re armed with is either laughs or yelling. But now do you want the funny guy that’s going to be in control of your uterus?
Persons: astead herndon, Jon Stewart, Wanda Sykes, roy, Dark Brandon, Roy Wood Jr, astead herndon —, I’ll, I’m, Clarence Thomas, There’s, Trump, it’s, Donald Trump, , Biden, ” I’m Astead, , Showtime ”, that’ll, astead herndon Really, It’ll, astead, Jim Messina, Joe Biden, Rupert Murdoch, That’s, Harry Styles, Don Lemon, Harris, Ron Klain, exoticize Joe Biden, Scranton Joe, we’re, you’re, Obama, herndon, we’ve, Bob Dole, that’s, George Floyd, They’re, what’s, Roy, Buddy, who’s, Trayvon Martin —, let’s, Ludacris, Kim Kardashian, Ray J, Kardashian, astead herndon Roy, he’s, Joe Biden’s, It’s, I’ve, He’s, George Lopez, they’re, astead herndon I’m, there’s, John Oliver — astead herndon, , Sarah Palin, Tina Fey’s, Nikki Haley, ain’t, Haley, Nikki Haley can’t, donald, Ron “ DeSanctimonious, astead herndon It’s, who’ve, Obama Obama, Lock, Hillary’s, Marco, You’re, Little Marco, Karine Jean, Pierre, astead herndon That’s, Donald Trump’s, Stormy Daniels, Jonah Bromwich, haven’t, jonah bromwich You’ve, We’ve, Michael Cohen, David Pecker, don’t, Trump — jonah bromwich, He’ll, biden, astead herndon Joe Biden, Let’s, She’s Organizations: White, Super, Comedy, , Disney, The New York Times, Showtime, astead herndon, Trump, Biden, Paramount, BET, Scranton, Republicans, Florida, M University, Black College, Republican, Democratic Party, Democratic, Democrat, RFK, Party, Tea Party, SNL, Democrats, Tower, National, , AMI, Trump — Locations: Washington , DC, France, America, ” I’m Astead Herndon, herndon, Scranton, Tallahassee, Birmingham , Alabama, Birmingham, astead herndon, South Carolina, CPAC, Palestine, Israel, Manhattan, Florida, Tampa, Pennsylvania
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Since then, private-equity firms have poured $54.6 billion into sports, according to PitchBook data. And the field of potential investors is growing with Goldman Sachs helping rich clients invest in teams, which can drive up prices. AdvertisementLeagues also restrict PE investments, with some caps on the number of teams a firm can own stakes in or the ownership share a fund can hold. Scroll down to read about the private equity firms, listed alphabetically, that have been making the biggest moves in sports in recent years.
Persons: , Josh Harris, Rob Walton, Carlyle, Ben, Blackstone, Goldman Sachs, Harris, Blackstone Group's David Blitzer, Lauren Leichtman, Arthur Levine, Sportico, RedBird, Gerry Cardinale, There's Organizations: Service, MLB, NBA, Business, Washington, Denver Broncos, Amazon, Sports, Ben Fund, Bluestone Equity Partners, GMF, Apollo Global Management, Blackstone Group's, Levine, Capital Partners, San Diego Wave, NFL Locations: downturns
Leon Cooperman, a billionaire Columbia donor, weighed in on the crisis on the university's campus. Unlike the megadonor Robert Kraft, Cooperman said he's not pulling his donations. AdvertisementThe Wall Street titan Leon Cooperman is the latest billionaire to weigh in on student protests over Israel's war in Gaza. But unlike the megadonor Robert Kraft, Cooperman said he'd continue to give to Columbia even as he trashed student demonstrators. Kraft said he'd continue to support the school's Kraft Center for Jewish Student Life, which is named after him.
Persons: Leon Cooperman, Robert Kraft, Cooperman, he's, , he'd, Israel, Turkey —, Nemat, Shafik, Peace —, Goldman Sachs, Kraft, megadonors, Marc Rowan, Lauder, Ronald Lauder, Les Wexner, Claudine Gay, Liz Magill Organizations: Service, CNBC, Columbia University, Columbia, Hamas, Capitol, — Columbia, Apartheid, Columbia Students, Justice, Jewish, Peace, New York City Police Department, Barnard College, Columbia Business School, Hunter College, Kraft, Patriots, school's Kraft Center for Jewish, Cooperman, Yale, New York University, Harvard, University of Pennsylvania Locations: Columbia, Gaza, Cooperman, Bronx, Israel, United States, Cyprus, Jordan, Turkey, Palestine
As River Weir has grown, Bill has been collecting stories of hope, resilience and Earth repair to share with him. “I became really frustrated by the lack of transparency,” Charlie told me. And at an expo in 2006, the fate of the titis turned for the better when the Vargas family walked in. But when she needed $1.2 million to buy nearly 1,000 acres of neighboring ranchland, Chris needed to find more helpers. “It may take a day to cut a hectare of forest,” she told me as we hiked past her plantings and into a meticulous greenhouse.
Persons: Bill Weir’s, Mister Rogers, Weir, Bill, Bill Weir, ” Rosamira Guillen, , Rosamira Guillen, Julian Quinones, titi, Rosamira, Charlie Knowles, Richard Nixon’s, Charlie, Laurie Marker, “ I’m, , Akiko Yamazaki, John Lukas – Charlie, WCN, Rosamina, ” Julian Quinones, Jane Goodall, Vargas, Kira, Chris Vargas, , Steve Jobs, ” Chris, Chris, CNN Bill, Olivia Organizations: CNN, Wildlife Conservation Network, expos Locations: . Dear, South America, Colombia, Barranquilla, American, Namibia, Silicon Valley, ranchland
Ulta Beauty — Ulta Beauty shares fell 3% after Jefferies downgraded the beauty retailer to a hold from a buy rating, citing rising competition. SLB reported $8.71 billion in revenue, just above the $8.69 billion projected by analysts, according to LSEG. However, SLB did report revenue in North America was down year over year. Ibotta — Shares of the technology company fell nearly 6% a day after Ibotta's initial public offering. Intuitive Surgical — Shares ticked down nearly 2% despite the company beating on the top and bottom lines in the first quarter.
Persons: Jefferies, Shopify, Morgan Stanley, SLB, , Samantha Subin, Michelle Fox, Pia Singh, Jesse Pound Organizations: Netflix, FactSet, Revenue, American Express, Micro Computer, Paramount —, The New York Times, Bloomberg, Sony Pictures Entertainment, Apollo Global Management, PPG Industries Locations: Canada, North America
"The stars have aligned for India in terms of demographics, population and market movements. Peeyush Mittal, portfolio manager at Matthews Asia, agrees with the consensus that Modi will win a majority once again — which would be a "non-event" for markets. Conrad Saldanha, portfolio manager at the Neuberger Berman Emerging Markets Equity Fund, agrees. Among the companies on his watch are power equipment player Bharat Heavy Electricals and engineering conglomerate Thermax , amid an expected expansion in power generation capacity. According to FactSet data, 24 of the 26 analysts covering the stock have a buy or overweight rating on it.
Persons: Narendra Modi, Neil Bahal, Peeyush Mittal, Modi, Mittal, Conrad Saldanha, Neuberger Berman, Bharat, Neuberger Berman's Saldanha, Saldanha Organizations: South, Bombay Stock Exchange, CNBC Pro, , Matthews Asia, Reserve Bank of, India Fund, Neuberger, Markets Equity Fund, Cummins India, Investor, Bharat Electronics, ICICI, HDFC, IndusInd Bank, Apollo Locations: Hong Kong, India, Reserve Bank of India, Saldanha
Intuitive Surgical — Shares of the robotic surgery firm popped 3% after posting a first quarter earnings and revenue beat. Western Alliance — Shares slipped 2% after the firm missed earnings expectations in its latest quarter. Western Alliance reported earnings of $1.60 per share, while FactSet had estimated this at $1.64 per share. The company slightly missed revenue expectations, however, posting $20.20 billion, while analysts expected $20.41 billion. American Express — Shares slid 1.5% despite the financial services company posting a first-quarter earnings and revenue beat above FactSet estimates.
Persons: Ashley Helgans, Sephora, Shopify, Morgan Stanley, Wells, Biden, SLB, LSEG, FactSet, Proctor, Gamble, — CNBC's Hakyung, Jesse Pound, Samantha Subin Organizations: Jefferies, Netflix, Energy, Western, Western Alliance, Paramount, New York Times, Bloomberg, Sony Pictures Entertainment, Apollo Global Management, Skydance Media, Bentley Systems, Schneider Electric, American, American Express Locations: Canada, Wells, North America, — CNBC's Hakyung Kim, Tanana
Paramount rallying on news of possible Apollo-Sony joint bid
  + stars: | 2024-04-19 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailParamount rallying on news of possible Apollo-Sony joint bidJim Lebenthal, Chief Equity Strategist at Cerity Partners, joins CNBC's "Halftime Report" to discuss the deal talks surrounding Paramount.
Persons: Jim Lebenthal Organizations: Paramount, Sony, Cerity Partners
Sony in Talks to Join a Bid to Buy Paramount
  + stars: | 2024-04-18 | by ( Benjamin Mullin | Lauren Hirsch | ) www.nytimes.com   time to read: +1 min
Even as Paramount, the home of the “Top Gun” movie franchise and “SpongeBob SquarePants,” continues its talks to merge with another media company, Skydance, a new suitor has emerged. Sony Pictures Entertainment and Apollo Global Management, an investment firm, have been in discussions about teaming up for a joint bid to acquire Paramount, two people familiar with the situation said Thursday. The two companies have not submitted an official bid, as Paramount is still in exclusive conversations with Skydance, said the people, who were granted anonymity to discuss delicate negotiations. Apollo previously reached out to Paramount about buying the company for at least $26 billion, including debt. A joint bid with Sony would almost certainly reduce those concerns, adding operational experience and additional capital to Apollo’s already significant war chest.
Persons: SpongeBob, , Skydance, Paramount’s Organizations: Paramount, Sony Pictures Entertainment, Apollo Global Management, Sony Locations: Apollo’s
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndian health-care group discusses sector and country's general electionSuneeta Reddy, managing director of Apollo Hospitals, discusses India's health-care sector and the country's upcoming general election.
Persons: Suneeta Reddy Organizations: Apollo
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReaccelerating economy is a problem for the Fed, says Apollo's Chief EconomistTorsten Slok, Apollo Global Management chief economist & partner, joins 'Fast Money' to discuss why he believes a reaccelerating economy is putting pressure on inflation and will be an issue for the Fed.
Persons: Torsten Slok Organizations: Apollo Global Management, Fed
Olympia, Greece CNN —The flame for the 2024 Paris Olympics has been lit in Olympia, the birthplace of the ancient Olympics. The flame will be carried through Greece for 11 days before being handed over to Paris organizers on April 26. Over 10,000 torchbearers and thousands of milesThe first runner of the Olympic torch relay is Greek Olympic gold medalist rower Stefanos Ntouskos. Elinda Labropoulou/CNNNtouskos said he was a little bit anxious ahead of competing at Paris 2024 but also very excited. The ancient Games served not only as a platform for athletic competition but also as a symbol of unity and promoting peace.
Persons: Hera, Thanassis, Stefanos, Ntouskos, , Stefanos Ntouskos, Labropoulou, CNN Ntouskos, Louisa Gouliamaki, Emmanuel Macron Organizations: Greece CNN, Summer Games, CNN, Paris, Paris Olympic, West Indies, Relays, Paralympic Games, UN Locations: Olympia, Greece, Paris, Athens, , Marseille, Belem, West, France, Seine
A U.S. Senate committee investigating the tax avoidance work that Jeffrey Epstein, the registered sex offender, did for the private equity mogul Leon Black has questioned Bank of America over Mr. Black’s hefty payments to Mr. Epstein, according to a letter viewed by The New York Times. They included fees paid to Mr. Epstein for advising on a sophisticated trust that saved Mr. Black more than $1 billion in taxes. Mr. Black’s decades-long business dealings and personal relationship with Mr. Epstein have dogged him ever since Mr. Epstein was arrested on federal sex trafficking charges in July 2019. (Mr. Epstein hanged himself in a federal jail a month after his arrest.) Mr. Black, a co-founder of Apollo Global Management, with a net worth of $13 billion, ultimately stepped down from all leadership posts because of the controversy.
Persons: Jeffrey Epstein, Leon Black, Epstein, Ron Wyden, Black, Banks Organizations: U.S, of America, Mr, The New York Times, Senate Finance Committee, Apollo Global Management Locations: Oregon
A Beloved Copenhagen Cafe Gets Serious About Dinner
  + stars: | 2024-04-15 | by ( Gisela Williams | ) www.nytimes.com   time to read: +1 min
But by 2020, the cafe’s success had begun to weigh on him. Bille Brahe, now 40, felt he’d become more of a manager, overseeing invoices and catering events, rather than the creative person he’s always strived to be. His initial impulse was to leave it and do something completely new. He decided to recommit to the Apollo and “to rediscover my gastronomic ambitions,” he said. In addition to other, more subtle changes, that meant shifting his focus away from lunch and breakfast and toward dinner.
Persons: Bille Brahe, he’d, he’s, , Donna J, , Bille Brahe — Locations: American
The CNN Original Series, “Space Shuttle Columbia: The Final Flight,” uncovers the events that ultimately led to disaster. Miles O'Brien Vincent RicardelI was at the Kennedy Space Center in Florida to cover the launch of the space shuttle, Columbia. Space Shuttle Columbia launches from the Kennedy Space Center in Florida on January 16, 2003. Space Shuttle Columbia launched from the Kennedy Space Center in Florida at 10:39 a.m. NASA Space Shuttle Columbia lifts off from the Kennedy Space Center in Florida on January 16, 2003.
Persons: Miles O’Brien, , Miles O'Brien Vincent Ricardel, Ilan Ramon, Scott Andrews, NASA's, Michael P, Anderson, William C, McCool, Rick D, David M, Brown, Laurel, Kalpana Chawla, Joe Skipper, Karl Ronstrom, Ramon, NASA Chawla, Clark, Chawla, Robert Giroux, Kathryn O'Neill, Zachary, Brett Coomer, Florida Sen, Bill Nelson, Matt Stroshane, Tommy Peltier, Eric Gay, Smiley, Gene Theriot, Sean O'Keefe, George W, Bush, Ron Dittemore, Joe Cavaretta, O'Keefe, Mannie Garcia, NASA Sandy Anderson, Carlos Noriega, Michael L, Coats, Evelyn Husband, Thomas, John Raoux, Glenn Benson, Kim Shiflett, Dave Santucci, , , Heidi Collins, Janeane Garofalo, “ Let’s, would’ve Organizations: PBS, CNN, Space Shuttle Columbia, NASA, Kennedy Space Center, Engineers, Reuters Space Shuttle Columbia, Scott Andrews People, Control Center, Getty, NASA Space, Columbia, Israeli Air Force, Space Shuttle, Red Team, Blue Team, Shuttle Columbia, Space, Johnson Space Center, Former, Houston, Houston Chronicle, People, US Navy Corps, Columbia Reconstruction, NASA Workers, Astronauts Memorial Foundation, Reuters, Bannock, Bannock Junior, Senior, Bannock High School, Johnson Space, Challenger, Shuttle, CNN Center, US Locations: Atlanta and New York, Florida, Columbia, synchronicity, Houston, Israel, SPACEHAB, New York, Laguna Hills , California, Texas, San Augustine , Texas, Washington ,, Shoshone, Fort Hall , Idaho, Iraq, Atlanta, United States, California, Dallas
CNN —Ancient Romans were enjoying more than just the food during their feasts, a new discovery at the archaeological site of Pompeii has shown. Archaeologists working at the world-famous site have uncovered a banqueting hall with black-painted walls covered with frescoes of mythological characters associated with the Trojan War. The ornately decorated room provided an elegant setting for entertainment or conversation during banquets, the Archaeological Park of Pompeii, which oversees the site, said. The elaborate dining room provided an elegant setting for entertainment, according to the Archaeological Park of Pompeii. Archaeological Park of PompeiiAnother shows a downcast Cassandra, daughter of Priam, with the god Apollo.
Persons: ” Gabriel Zuchtriegel, , , Helen, Paris, Priam, “ Alexandros, Menelaus, Helen of Troy, Cassandra Organizations: CNN Locations: Paris, Troy, Roman, Pompeii, Vesuvius
Ice sampling occurs on a blue ice area during the 2022 Chilean Antarctic Institute field mission. “As the climate continues to warm, Antarctic rocks are sinking into the ice at an increasing rate. Meteorites are particularly plentiful in blue ice fields. Steven Goderis/Vrije Universiteit BrusselResearchers have identified areas of meteorite-rich blue ice mostly by luck. “The main worry is the logistical aspect of searching for Antarctica meteorites, which is already difficult today due to the remoteness of Antarctica.
Persons: Maria Valdes, , Valdes, Robert A, , José, wasn’t, Balchenfjella, Steven Goderis, Veronica Tollenaar, ” Valdes, Tollenaar, ” Tollenaar, Harry Zekollari, Katherine Joy, Matthias van Ginneken, van Ginneken, Kevin Righter, Righter Organizations: CNN, Field, University of Chicago, Pritzker Center, Meteoritics, Polar Studies, Antarctic Institute, University of Santiago, Vrije Universiteit Brussel, Université Libre de Bruxelles, University of Manchester, University of Kent’s, Astrophysics, NASA Johnson Space Center Locations: Antarctica, Chile, Vrije, Université, Belgium, Houston
Since that ownership change in 2018, involving a hospital chain known as LifePoint Health, care at the health system has declined, three patients say. In recent years, private-equity firms have taken over broad swaths of the nation's economy, extending well beyond health care. The analysis, called the Private Equity State Risk Index, details private equity's involvement in those arenas in all 50 states. The index shows "the private equity threats in our own backyard and gives state leaders the tools to protect the people they serve," said Chris Noble, policy director at Private Equity Stakeholder Project. "By providing transparent data on the risks associated with private equity investments, we empower communities, working families, and policymakers to advocate for change and protect their states from the threats posed by unchecked private equity firms."
Persons: Paul Ricci, Ricci, Conemaugh, Chris Noble Organizations: Broadway Capital, Apollo Global Management, Allegheny Independent Media, NBC, NBC News, MetLife, Equity, Private Equity Locations: Chelsea , Massachusetts, Pennsylvania, Johnstown, Hastings, Meyersdale, United States, Allegheny Region, New York City, Conemaugh, U.S, Arizona, Georgia, New Mexico, West Virginia, Alabama, Massachusetts, Washington, Louisiana, Michigan
Space Shuttle Columbia launches from the Kennedy Space Center in Florida on January 16, 2003. Space Shuttle Columbia launched from the Kennedy Space Center in Florida at 10:39 a.m. The environmentally controlled chamber was mated to Space Shuttle Columbia for access into the orbiter. NASA Space Shuttle Columbia lifts off from the Kennedy Space Center in Florida on January 16, 2003. Students and staff of the Shoshone-Bannock High School had an experiment on board Space Shuttle Columbia.
Persons: Douglas Brinkley, Katherine Tsanoff, John F, Kennedy, , Douglas Brinkley Moore Huffman, Nancy Currie, Gregg, Scott Andrews, NASA's, Michael P, Anderson, William C, McCool, Rick D, David M, Brown, Laurel, Ilan Ramon, Kalpana Chawla, Joe Skipper, Karl Ronstrom, Ramon, NASA Chawla, Clark, Chawla, Robert Giroux, Kathryn O'Neill, Zachary, Brett Coomer, Florida Sen, Bill Nelson, Matt Stroshane, Tommy Peltier, Eric Gay, Smiley, Gene Theriot, Sean O'Keefe, George W, Bush, Ron Dittemore, Joe Cavaretta, O'Keefe, Mannie Garcia, NASA Sandy Anderson, Carlos Noriega, Michael L, Coats, Evelyn Husband, Thomas, John Raoux, Glenn Benson, Kim Shiflett, Sean O’Keefe, Jeff Bezos, Lockheed Martin, Sir Richard Branson, Organizations: Rice University, CNN, Shuttle Columbia, National Aeronautics and Space Administration, NASA, Russian Space Agency, Russia, United Arab, Challenger, Columbia, Space, Space Shuttle Columbia, Kennedy Space Center, Reuters Space Shuttle Columbia, Scott Andrews People, Control Center, Getty, NASA Space, Israeli Air Force, Space Shuttle, Red Team, Blue Team, Johnson Space Center, Former, Houston, Houston Chronicle, People, US Navy Corps, Columbia Reconstruction, NASA Workers, Astronauts Memorial Foundation, Reuters, Bannock, Bannock Junior, Senior, Bannock High School, Johnson Space, Shuttle, Investigation, Elon, SpaceX, United Launch Alliance, Boeing, Lockheed, Virgin Galactic, JFK Locations: China, United Arab Emirates, Japan, Columbia, Texas, Louisiana, Florida, Houston, Israel, SPACEHAB, New York, Laguna Hills , California, San Augustine , Texas, Washington ,, Shoshone, Fort Hall , Idaho, American
The CNN Original Series “Space Shuttle Columbia: The Final Flight” uncovers the events that ultimately led to disaster. Deemed an “engineering marvel,” the first of five winged orbiters — the space shuttle Columbia — made its inaugural flight in 1981. Crews aboard the recovery ships Liberty Star and Freedom Star retrieve a reusable right solid rocket booster (below) after a space shuttle mission. Space Shuttle Columbia launched from the Kennedy Space Center in Florida at 10:39 a.m. NASA Space Shuttle Columbia lifts off from the Kennedy Space Center in Florida on January 16, 2003.
Persons: , Sean O’Keefe, Casey Dreier, Crews, O’Keefe, Scott Andrews, NASA's, Michael P, Anderson, William C, McCool, Rick D, David M, Brown, Laurel, Ilan Ramon, Kalpana Chawla, Joe Skipper, Karl Ronstrom, Ramon, NASA Chawla, Clark, Chawla, Robert Giroux, Kathryn O'Neill, Zachary, Brett Coomer, Florida Sen, Bill Nelson, Matt Stroshane, Tommy Peltier, Eric Gay, Smiley, Gene Theriot, Sean O'Keefe, George W, Bush, Ron Dittemore, Joe Cavaretta, O'Keefe, Mannie Garcia, NASA Sandy Anderson, Carlos Noriega, Michael L, Coats, Evelyn Husband, Thomas, John Raoux, Glenn Benson, Kim Shiflett, Rodney Rocha, Columbia’s, Rick Husband, “ Roger, Sen, Mark Kelly, , ” Kelly Organizations: CNN, Shuttle Columbia, Sunday, NASA, Columbia, America’s, Planetary Society, European Space Agency, Space, International Space, Hubble, Liberty Star, NASA’s Ames Research Center, Space Shuttle Columbia, Kennedy Space Center, Reuters Space Shuttle Columbia, Scott Andrews People, Control Center, Getty, NASA Space, Israeli Air Force, Space Shuttle, Red Team, Blue Team, Johnson Space Center, Former, Houston, Houston Chronicle, People, US Navy Corps, Columbia Reconstruction, NASA Workers, Astronauts Memorial Foundation, Reuters, Bannock, Bannock Junior, Senior, Bannock High School, Johnson Space, Challenger, Shuttle, East Texas Locations: Columbia, America’s Soviet, Florida, Houston, Israel, SPACEHAB, New York, Laguna Hills , California, Texas, San Augustine , Texas, Washington ,, Shoshone, Fort Hall , Idaho, New Mexico, East
Why did billionaire Leon Black pay Jeffrey Epstein $158 million for estate-planning advice? Black has an answer: He wasn't keeping track of it; $158 million doesn't mean much to him. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Or, at least, that's what financier Leon Black says about his relationship with disgraced pedophile Jeffrey Epstein. This story is available exclusively to Business Insider subscribers.
Persons: Leon Black, Jeffrey Epstein, Black, , Black's, Epstein Organizations: Service, Business
Paramount Global 's stock slumped 8% on Thursday after CNBC's David Faber reported the company would need to raise as much as $3 billion in new equity if it were to merge with David Ellison's Skydance Media, according to sources familiar with the deal. This deal comes as media mogul Shari Redstone, the controlling shareholder of Paramount, is said to be in exclusive talks with Ellison on selling her stake to him, according to Bloomberg. Faber said Ellison and his partners would likely step up to provide a good amount of that equity, but it would be dilutive. Redstone is looking to sell Paramount, as the company has been in talks with Warner Bros Discovery on its acquisition. The MTV and CBS parent company has a market capitalization of nearly $10 billion and about $13 billion of net debt.
Persons: CNBC's David Faber, David Ellison's Skydance, Shari Redstone, Ellison, Faber Organizations: Paramount, David Ellison's Skydance Media, Bloomberg, Wall Street Journal, Apollo Global Management, Redstone, Warner Bros Discovery, MTV, CBS
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWage growth will be the most important indicator in the March jobs report, says Apollo's Torsten SlokTorsten Slok, Apollo chief economist, joins 'Closing Bell Overtime' to talk what to expect from the Federal Reserve moving forward and what to look for in the March jobs report.
Persons: Apollo's Torsten Slok Torsten Slok Organizations: Federal Reserve
As Paramount, the media company that’s the home of the “Top Gun” franchise and Nickelodeon, was preparing to enter exclusive talks to sell itself to the media company Skydance, another suitor emerged. Apollo Global Management, the investment firm, told Paramount over the weekend that it was interested in acquiring the entire company for more than $26 billion, including the value of Paramount’s debt, according to two people with knowledge of the matter. It had previously submitted an $11 billion offer to acquire just the Paramount movie studio. Paramount decided not to engage with Apollo’s overture, the people said, with one person explaining that doing so could have derailed its advancing negotiations with Skydance, which became exclusive this week. Apollo said in a letter to Paramount that it was interested in buying out all the company’s shareholders in cash, which could be enticing as the board seeks to strike a deal that not only pleases Shari Redstone, who controls Paramount, but also the company’s common shareholders.
Persons: Apollo’s, Apollo, Shari Redstone Organizations: Paramount, Nickelodeon, Apollo Global Management, CBS, Skydance
Paramount, home to one of Hollywood’s most storied movie studios as well as CBS and cable networks like Nickelodeon, has been discussing entering into exclusive talks with the media company Skydance for a potential deal, according to four people with knowledge of the discussions. Apollo Global Management, an investment firm with more than $500 billion under management, has submitted an $11 billion offer to acquire the Paramount movie studio. Byron Allen, whose Entertainment Studios owns the Weather Channel, has also expressed interest in acquiring Paramount. Ms. Redstone, the controlling shareholder of Paramount, began negotiating with Skydance to sell her stake in the company last year. She controls Paramount through National Amusements, a holding company that owns her voting stock in Paramount.
Persons: Shari Redstone, Byron Allen Organizations: Paramount, CBS, Nickelodeon, Apollo Global Management, Entertainment Studios, Weather, Skydance, National
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