Sony, Apollo discuss joint bid for Paramount, says source
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Paramount stock surges on report Sony, Apollo are considering joint bid
April 19, 2024 4:19 AM UTCShares of Paramount Global (NASDAQ: 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.
The potential bid comes as Paramount is currently engaged in exclusive negotiations with Skydance Media, led by David Ellison. However, some investors are... More
