The next mega takeover is on the horizon. And this time Sony could be in charge. The PS5 maker is reportedly eyeing Paramount. However, nothing is set in stone yet.
After Mega takeover of Activision Blizzard Due to Microsoft, the video game industry became rather quiet and mass layoffs hit the headlines. But in the case of Sony, the next takeover deal could be imminent.
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According to reports, the Japanese do not want to buy another video game company and do not want to complete the deal alone. However, participation in the takeover of Paramount is on the cards.
Sony is in talks with Apollo Global Management to acquire Paramount
A report from the New York Times According to Sony, Sony is currently in negotiations with the investment company Apollo Global Management about a joint offer to acquire Paramount.
According to reports, no official offer has been made yet. But Tony Vinciquerra, head of Sony Pictures Entertainment, held relevant discussions with the investment firm last week. It appears that the terms of the potential deal remain a work in progress.
According to sources who wished to remain anonymous, no official offer has been made as Paramount is still in exclusive negotiations with Skydance. Apparently the deal brought in by Skydance is encountering considerable resistance from investors.
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Several brands would fit into the Sony network
The New York Times further reports that in the event of an offer and subsequent takeover, Sony would likely take over Paramount's operations and continue to operate them as a brand under its own media empire.
In addition to Paramount Pictures, the media company has several networks such as Nickelodeon, Showtime, MTV, Comedy Central and CBS as well as Paramount+.
There are also various brands such as “Spongebob Squarepants” and “Top Gun” as well as the “Sonic the Hedgehog” films.
The impact of such a takeover would be enormous. Movie brands like the mentioned “Sonic” and also the licensed “Halo” would henceforth be part of the expanding media empire of PlayStation producer Sony. And investors also seem to be impressed. After the publication of the New York Times report, Paramount shares rose 11 percent in after-hours trading.
On the subject:
From game & network services to financial services, films and music
Sony focuses on various divisions within the company. This includes the Game & Network Services including the PlayStation business, but also financial services, films, music, numerous hardware products such as cameras, TVs, smartphones and other business activities. A takeover of Paramount would give it its current foothold low-margin PlayStation business further strengthen.
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