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The Guardian - US
The Guardian - US
Business
Dominic Rushe

Sony and Apollo reportedly make $26bn offer for Paramount

Paramount Apollo Sony Bob Bakish Shari Redstone Skydance United States
People at movie premiere
Bob Bakish, second left, with Shari Redstone in June last week. Bakish stepped down this week. Photograph: Lexie Moreland/Variety via Getty Images

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 media giant.

According to the Wall Street Journal, the offer was made on Wednesday by Sony’s chief executive, Tony Vinciquerra, and Aaron Sobel, a partner at Apollo. Paramount’s shares rose 12% on the news.

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