Splitting the Paramount empireEver since Sony Pictures Entertainment and Apollo Global Management expressed interest in buying Paramount Global, a big question has loomed over the potential $26 billion deal: What would they do with the company?
The answer: Break it up, write The Times’s Ben Mullin and DealBook’s Lauren Hirsch.
Sony and Apollo would keep Paramount Pictures.
Paramount Pictures would become part of a joint venture controlled by Sony, with Apollo taking a minority stake in the new entity that it could eventually sell to Sony or to another buyer.
The venture would also keep Paramount’s library of films and TV shows, as well as the rights to characters like the Teenage Mutant Ninja Turtles.
Persons:
Ben Mullin, DealBook’s Lauren Hirsch, “
Organizations:
Sony Pictures Entertainment, Apollo Global Management, Paramount Global, Sony, Apollo, Paramount Pictures, Paramount