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By Phuong Nguyen and Francesco Guarascio
A look at the day ahead in European and global markets from Kevin Buckland
(Reuters) -Blackstone made a potential offer to buy Hipgnosis Songs Fund for about $1.5 billion, outbidding Apollo-backed Concord and triggering a takeover battle for the owner of music rights by artists including Shakira and Red Hot Chili Peppers.
(Reuters) -Shares of Paramount Global rose more than 10% on Friday, after Reuters reported Sony (NYSE:SONY) Pictures Entertainment and Apollo Global Management (NYSE:APO) were discussing a joint bid to acquire the media company.
Investing.com — The blockbuster sale of legendary Paramount Global (NASDAQ:PARA) to David Ellison\’s Skydance Media may be at significant risk of falling short as Sony (NYSE:SONY) and Apollo Global Management (NYSE:APO) prepare to make \”a significantly better offer that will benefit all shareholders of the company,\” an insider told Investing.com exclusively this morning.
Shares of Paramount Global (PARA) jumped 9% in premarket trading Friday on reports that Sony Pictures Entertainment and Apollo Global Management are considering a joint bid for the mass media and entertainment conglomerate.
A look at the day ahead in European and global markets from Kevin Buckland
A look at the day ahead in U.S. and global markets from Mike Dolan
(Reuters) – U.S. Steel shareholders voted in favor of the proposed $14.9 billion acquisition by Japan\’s Nippon Steel, moving the merger closer to completion while the deal faces regulatory scrutiny and political opposition.
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