Sony pulls out of Paramount Chase: won't return to mix during 45-day 'Go Shop' window – Knowligent
Sony pulls out of Paramount Chase: won't return to mix during 45-day 'Go Shop' window

Sony pulls out of Paramount Chase: won't return to mix during 45-day 'Go Shop' window

Home › News › Sony pulls out of Paramount Chase: won't return to mix during 45-day 'Go Shop' window
Summary by Deadline • THE BURNETTWORK on Youtube • Published 4 months ago

By Anthony D'Alessandro, Jill Goldsmith

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EXCLUSIVE: Sony won't be among the rivals trying to shore up a better offer during Paramount Global's "Go Shop" period following David Ellison's $8 billion bid for Skydance Media, according to sources tonight.

This news formally nullifies the only other confirmed bid on the table to acquire Paramount.

Sony and Apollo jointly made a preliminary offer of $26 billion after a solo bid from Apollo was rejected. They then signed a nondisclosure agreement and began due diligence shortly after Paramount's exclusive negotiating period with Skydance ended.