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Changes in US stocks | Paramount Global rose more than 4.7% in advance to negotiate acquisitions with Apollo and Sony
Glonghui, May 6 | Paramount Global (PARA.US) US stocks rose more than 4.7% to $13.5 in the premarket. According to the news, Paramount Global's board of directors has approved formal negotiations with Apollo Global Management and Sony for a potential acquisition. On May 2, Apollo and Sony sent a letter to Paramount proposing to buy the company for $26 billion. Additionally, Paramount's exclusive negotiation window with Skydance Media expired late May 3, and no agreement was reached.
Paramount Global (PARA.US) is in formal negotiations with Apollo and Sony over the acquisition, offering a price of 26 billion US dollars
Zhitong Finance learned that the board of directors of Paramount Global (PARA.US) officially approved negotiations between Apollo Global Management (APO.US) and Sony (SONY.US) on Saturday for a potential acquisition. According to reports, according to the deal between Apollo and Sony, the latter will become the controlling shareholder, and the former holds a minority stake. On May 2, Apollo and Sony sent a letter to Paramount proposing to buy the company for $26 billion. However, Paramount's exclusive negotiation window with Skydance Media expired late May 3, and no agreement was reached.
Express News | Paramount has reportedly agreed to formally begin negotiations with the Sony-Apollo acquisition consortium
Express News | Sony Pictures Entertainment, Apollo and Paramount officially begin acquisition negotiations
Express News | Paramount has signed formal negotiation agreements with Sony and APOLLO, and is also promoting the next step in negotiations with Skydance.
US stocks closed | NASDAQ rose about 2%, Apple surged 6% after the results, and Nvidia rose more than 3%
The three major US stock indexes closed up at least 1%; Amgen led the S&P and Dow, the diet drug duo Lilai once fell more than 3%, and Novo Nord Europe shares once fell more than 5%; the chip stock index closed up more than 2% and still fell throughout the week. Qualcomm's sharp rise fell back the next day, and AMD earnings fell more than 4% in the week