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TV Tech
George Winslow

Sony, Apollo Make $26B Bid for Paramount

Paramount Sony Apollo Skydance Bob Bakish Paramount Global Wall Street Journal
Paramount logo.

Sony and Apollo Global Management have sent an offer letter to Paramount Global’s board of directors making an $26 billion all cash offer for Paramount Global, according to the Wall Street Journal, which first reported the letter. 

Skydance has been exclusively negotiating a merger with Paramount but that exclusive negotiating window ends on Friday, May 3. The company's largest shareholder, Shari Redstone, has supported the merger but the board has not approved the deal and other shareholders have opposed it. 

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