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Paramount Global will end exclusive negotiations with Skydance Media without a deal, opening the door for a rival bid. Sony Pictures Entertainment and Apollo Global Management have expressed interest in acquiring Paramount Global for $26 billion. The move comes amidst internal turmoil at Paramount, including the replacement of CEO Bob Bakish. Paramount has been struggling with the aftermath of Hollywood strikes, a soft advertising market, and competition in the streaming sector. The potential acquisition would strengthen Sony's position in the North American box office and create a formidable ...

(CTN News) - Sony Pictures Entertainment and Apollo Global Management have submitted a $26 billion bid for Paramount Global................

The new, joint expression of interest would make Sony a significant majority and controlling shareholder and Apollo a minority shareholder. The proposed all-cash acquisition may appeal to Paramount shareholders who have come out against the Skydance deal over concerns it benefits the company's controlling shareholder, Shari Redstone, at the expense of others.

Paramount Global’s share price soared on Thursday following a report that Sony Pictures and Apollo Global Management had made a $26bn offer for the troubled…

Sony Pictures Entertainment and Apollo Global Management have made a $26 billion cash offer for Paramount Global, the Wall Street Journal reported. The two companies submitted the...