Sony Reportedly in Talks to Team Up for Paramount Bid | Push Square
News has been quiet on the acquisition front in recent days, at least when it comes to video game IP. However, according to a new report, Sony is currently in talks with a monied ally to acquire storied picture-house Paramount and all the cross-media potential such an addition would bring.
That's according to a new piece in the New York Times (thanks, ResetEra), which says that Sony Picture Entertainment is currently in talks with Apollo Global Management, an investment firm, according to two sources familiar with the situation. Previously, Apollo had made an offer to purchase Paramount for at least $26 billion, a bid which was rejected.
The terms of the joint bid are still being discussed, and it's entirely possible the twosome will not make a formal offer. According to sources granted anonymity to speak on the subject, an official offer could not even be made currently, as Paramount is engaged in exclusive discussions with Skydance. Apparently, the deal Skydance brought has generated significant investor pushback.
The ramifications of such an acquisition could be potentially huge. For starters, it would bring adaptations of Sonic and Halo into the PlayStation platform holder's growing media empire. After the news broke, shares in Paramount increased 11% in aftermarket trading.
And spin-off live action series also underway
What do you think of the news? Could you really see Sony acquiring Paramount? Let us know in the comments section below.
Khayl Adam is Push Square's Australian correspondent, a reporter tasked with scouring the internet for the most succulent PlayStation stories. With five years of experience as a freelance journalist and mercenary wordsmith, RPGs are his first great love, but strategy and tactics games are a close second, genres in which he is only too happy to specialize.
Bad bad bad bad bad. Consolidation is already concerning but having a studio as old as Paramount be folded into another company is, well, exactly what’s been done to Fox. And
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