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Underneath the phrases currently staying contemplated within the Sony-Apollo tie-up, Sony might be a managing shareholder, with Apollo owning a minority stake, in accordance with the two men and women aware of the bidders’ technique.

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Skydance could nevertheless boost its bid, but 1 human being acquainted with the corporation’s approach stated it absolutely was unwilling to continue negotiating only to generate up the cost for an additional suitor.

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Sony and Apollo’s all-funds give has been supported by numerous shareholders as an alternate to some merger with Skydance. Late final yr, Shari Redstone, who controls Nationwide Amusements, signed off on a potential deal to promote her stake to Skydance, but that deal hinges on the associated transaction for Skydance to merge with Paramount.

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