let's discuss this with chris palmeri of bloomberg news. about the offer to begin with here. how much does that give the apollo team? chris: it definitely gives them a lot more credibility, not that apollo lacks in that but it's interesting to watch apollo. we broke the news they were interested back in january. then things got cold for a while. we heard they were not moving forward. things escalated with david ellison and paramount. then apollo made an offer just for the film studio, which was something the redstones did not want to do, break up the company. i have been told they did not feel there was enough -- it was a solid offer when apollo made an offer for the whole company for $26 billion, including debt. they have been this -- in this exclusive period with david ellison. adding the sony element creates a more credible alternative and investors are not happy with the terms they are hearing from the ellison offer. sonali: how much does it really give apollo credibility in terms of financing versus operational expertise? if the redsto