Sony Pictures and Apollo Global Management have submitted an all-cash, $26 billion offer for Paramount Global, marking the second time the private-equity firm has come in with a bid for the entertainment giant.
The deal comes after their prior licensing contract expired, prompting Universal to pull all of its artists’ songs off TikTok at the beginning of February.
The fitness-equipment maker has warned of cash-flow issues and continued losses amid a decline in paying subscribers and a recall.
Shell’s first-quarter adjusted earnings fell by less than expected, and the oil major kicked off a share buyback as it hurried to close the valuation gap to its U.S. rivals.
ING shares rose after the Dutch lender said it plans to buy back up to €2.5 billion of shares and reported a first-quarter profit driven by income from fees and interest rates.
Antitrust enforcers are set to allege former Pioneer CEO Scott Sheffield discussed coordinating oil-production levels with other producers and OPEC.
