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In Play Today: CBS eyeing Sony Pictures; Amazon may buy truck tracking app

S&P Global Market Intelligence presents In Play Today, a periodic summary of potential deal activity in the sector, including rumored transactions. This summary is based on information obtained by S&P Global Market Intelligence and may not be inclusive of all potential deal activity. Send comments and news leads to


* CBS Corp. is interested in Sony Corp.'s Sony Pictures division, the New York Post reported Dec. 18, citing sources in Tokyo. While reportedly Sony was considering selling the business, it was not clear if it wanted to sell all the movie and TV assets, or just some of them. The sources claimed that CBS CEO Leslie Moonves traveled to Japan to push for a deal, but a company representative said Moonves has not traveled to Japan recently.

* Inc. may buy or develop an app that could schedule and track truck shipments of its products, The Wall Street Journal reported Dec. 18, citing sources. If such an app is launched, the online retailer could offer it to non-Amazon shippers for a fee, analysts reportedly said.

* Time Inc. hired bankers to solicit takeover or partnership offers from interested parties, The Wall Street Journal reported Dec. 8. The company reportedly hired Morgan Stanley and Bank of America Corp. to handle offers from potential buyers, according to sources with knowledge of the matter. Time Inc. made the decision after it was approached by a group of media investors, including Edgar Bronfman Jr., with an all-cash offer of $18 per share which Time Inc. rejected. Hearst Corp. is reportedly also interested in acquiring some titles from Time Inc. if the company agrees to be acquired.

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* Pandora Media Inc. may consider holding deal talks with potential suitors, including Sirius XM Holdings Inc., although there is no guarantee that such a transaction will take place, reported Dec. 2, citing sources. However, Reuters reported that Pandora is not making any new effort to pursue a sale and is "focused on executing its strategy and its operating model."

* Viacom Inc. CEO Robert Bakish is considering plans to buy a stake in Vice, a millennial-focused news and pop culture destination, the New York Post reported Dec. 2, citing sources. Vice, which is now worth about $4.5 billion, also held talks about a potential deal with CBS Corp.

* is in talks to acquire Dubai-based e-commerce platform FZ for about $1 billion, Bloomberg News reported Nov. 24, citing people familiar with the matter. initially wanted to sell only 30% of the company, according to the report. It has enlisted Goldman Sachs Group Inc. to seek potential buyers. Both parties have yet to agree on a deal, and talks may still collapse.

* Twitter Inc. is considering plans to sell Vine, after initially announcing plans to wind down the social video sharing service, reported Nov. 7, citing multiple sources. According to the report, the microblogging service received a "large number of bids" from companies, including those from Asia. Sources said the company is going through multiple term sheets and could strike a deal soon. One of the sources, meanwhile, said some of the bids are reportedly less than $10 million.