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Paramount Should Consider Apollo-Sony Deal: Ariel’s Rogers

Ariel Investments founder & co-CEO John Rogers says Paramount Global should consider other proposals before merging with David Ellison’s Skydance Media and that a deal with Apollo Global Management and Sony Group could be a much better outcome for investors. He joins Ed Ludlow and Caroline Hyde to discuss the ousting of Paramount CEO Bob…

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Ariel Investments founder & co-CEO John Rogers says Paramount Global should consider other proposals before merging with David Ellison’s Skydance Media and that a deal with Apollo Global Management and Sony Group could be a much better outcome for investors. He joins Ed Ludlow and Caroline Hyde to discuss the ousting of Paramount CEO Bob Bakish and what the move means for the company going forward on “Bloomberg Technology.”
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3 Comments

3 Comments

  1. @normanoro206

    April 30, 2024 at 3:40 pm

    This is a very interesting interview with John Rogers. He probably didn’t want to get too into the weeds regarding how a potential merger/acquisition would be consummated, but things really do seem to hinge on how voting versus non-voting shares in Paramount are distributed. Based on what I’ve read, of the total ~650 million shares outstanding, only approximately 6% are voting shares; and about 75% of these voting shares are owned by National Amusements, which is controlled by Shari Redstone. One way to structure a deal is to just purchase control via the voting shares, which would potentially enrich Shari Redstone immensely but upset those holding the remaining ~94% of non-voting shares. However, based on an analysis I’ve read, buying all the outstanding shares has its own problems, namely those holding voting shares would probably get less than what their shares are worth. And of course, there are all the other deal structures in between, which would reward holders of voting vs non-voting shares in varying degrees. I’m no expert in M&A, but this just seems tricky to structure. Bob Bakish stepping down and being replaced by a troika probably doesn’t help matters much. As for each offer’s merits, John Rogers’s point about potential synergies with Sony is a good one. For example, depending on the implementation, a number of popular Paramount films and shows could probably also flourish as video games. I’m not as familiar with Skydance’s proposal for Paramount, but it must have at least some merit as well (aside from it potentially enriching certain shareholders) considering how seriously Shari Redstone is reportedly taking it.

  2. @duran9664

    April 30, 2024 at 8:52 pm

    ????????????Paramount+ is the worst streaming app in history ???????????? So buggy & the picture quality for global live sport is scandalous ????????

  3. @duran9664

    April 30, 2024 at 8:53 pm

    UEFA should sue Paramount+ for their terrible performance in covering the Champions League ????

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Bloomberg Technology

Stripe’s Push to Bring AI to Payments, Commerce

Stripe announced several new AI tools Wednesday, including a new partnership with Google, aimed at building AI tools for payments and commerce. Stripe President and co-founder John Collison discusses the company’s AI strategy with Bloomberg Tech’s Ed Ludlow. ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes of…

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Stripe announced several new AI tools Wednesday, including a new partnership with Google, aimed at building AI tools for payments and commerce. Stripe President and co-founder John Collison discusses the company’s AI strategy with Bloomberg Tech’s Ed Ludlow.
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80 Seconds of Big Tech Earnings To Set Market’s Fate | Bloomberg Tech 4/29/2026

Bloomberg’s Caroline Hyde and Ed Ludlow discuss expectations for big tech earnings as investors prepare for Microsoft, Meta, Google, and Amazon to report earnings after the market closes. Plus, SoFi CEO Anthony Noto discusses investors’ reaction to the financial services company’s earnings as its shares fall. And, Elon Musk continues testifying in his suit against…

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Bloomberg’s Caroline Hyde and Ed Ludlow discuss expectations for big tech earnings as investors prepare for Microsoft, Meta, Google, and Amazon to report earnings after the market closes. Plus, SoFi CEO Anthony Noto discusses investors’ reaction to the financial services company’s earnings as its shares fall. And, Elon Musk continues testifying in his suit against OpenAI over the startup’s pivot from a charity to a for-profit business.
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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SoFi Shares Fall on Higher-Than-Expected Expenses

SoFi shares fell after the company released its quarterly results. SoFi CEO Anthony Noto says investors appear to be reading its decision to maintain its full-year guidance as a sign of uncertainty. Noto speaks with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch…

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SoFi shares fell after the company released its quarterly results. SoFi CEO Anthony Noto says investors appear to be reading its decision to maintain its full-year guidance as a sign of uncertainty. Noto speaks with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.”
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