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Paramount shares jump more than 10% as Sony, Apollo discuss joint buyout bid

Posted on AllSides April 19th, 2024
From The Right

Shares of Paramount Global rose more than 10% on Friday, on news Sony Pictures Entertainment and Apollo Global Management were discussing a joint bid to acquire the media company. Paramount is currently engaged in exclusive deal talks with Skydance Media, an independent studio led by David Ellison, though some investors have urged Paramount to explore other options. Private equity firm Apollo had earlier made a $26 billion bid for the company, and a separate $11 billion offer for Paramount’s film studio. Its joint bid with Sony, which is still being...

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https://nypost.com/2024/04/19/media/paramount-shares-jump-more-than-10-as-sony-apollo-discuss-joint-buyout-bid

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