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Apollo makes $11 billion bid for Paramount’s Hollywood studio

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Private-equity firm Apollo Global Management has thrown its hat into the ring with a bold $11 billion offer to acquire Paramount Global’s illustrious film and TV studio.

The bid, revealed by sources familiar with the situation, adds a new layer of complexity to Paramount’s ongoing deliberations over a separate proposal from Skydance Media.

The intrigue surrounding Paramount’s future has intensified as an independent committee of the company’s directors diligently assesses Skydance’s merger proposal, which encompasses all facets of Paramount’s expansive media empire, including CBS, Nickelodeon, and various cable networks.

WEST HOLLYWOOD, CA – MARCH 10: General views of the Paramount+ billboard campaign along the Sunset Strip promoting the launch of the new streaming service.

Keen interest

Paramount’s Hollywood studio has long been the subject of acquisition speculation, with its prestigious legacy and diverse content portfolio attracting keen interest from industry players.

Now, with Apollo’s substantial offer on the table, the stakes have been raised even higher, promising a potential shift in the entertainment landscape.

Stay tuned as this story unfolds, and watch this space for further updates on the evolving dynamics of the entertainment industry

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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The EV transformation expands to legacy vehicles

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This week witnessed another milestone in the automotive industry as the legendary Mercedes-Benz G-Wagen embarked on its electric journey, aligning with global sustainability efforts.

Simultaneously, Toyota and Mazda debuted EV offerings tailored for the booming Chinese market, signalling a strategic shift towards collaboration with advanced Chinese partners.

While the electric G-Wagen promises both eco-friendliness and off-road prowess with its innovative design, questions arise about Japanese automakers’ perceived lag in EV development, countered by the strategic imperative to tap into the rapidly growing Chinese EV market. As automotive icons embrace electrification and traditional players adapt through partnerships, it’s clear that collaboration and innovation will drive the future of mobility.

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The degree dilemma, income shifts, debt, and dream homes

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As individuals face the daunting choice between paying off student debt, saving for a first home deposit, or exploring alternative options like rentvesting, careful consideration of various factors becomes imperative.

 

In the midst of these challenges, a couple in the inner north ingeniously employed a strategy to realise their dream of a larger home while managing HECS debt and affordability hurdles.

Rentvesting emerges as a viable solution for individuals grappling with the burdens of high HECS debt and property affordability issues.

Moreover, the decreasing income premium tied to a university degree is closely intertwined with changing economic dynamics and shifts in the job market, underscoring the need for innovative approaches to education and financial planning in today’s society.

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President Biden signs TikTok bill – what’s next?

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TikTok users could soon find that the popular social media service is either under new ownership or could be outright banned in the United States.

President Joe Biden signed a bill into law that requires TikTok to find a new owner—or face a ban in the United States.

Over the past several months, Washington D.C. has been under pressure to ban the popular Chinese-owned social media app.

Lawmakers and security experts have long raised concerns that the Chinese government could tap TikTok’s trove of personal data about millions of U.S. users.

TikTok’s CEO said the bill is disappointing and reiterated that the company has committed to challenge it.

David Zhang from China Insider. joins Veronica Dudo to discuss

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