Sony Pictures Entertainment is reportedly in talks with Apollo Global Management to make a bid to acquire Paramount which itself is currently discussing a merger with Skydance.
According to the New York Times, opposition from investors is hindering Paramount’s discussions in which Skydance would acquire the company in a $5 billion all-stock deal through Paramount parent company National Amusements. Shareholders have threatened to sue Paramount if it refused to consider any other deals and on Thursday, reports emerged that that transaction would not be completed within the 30 day exclusivity period that closes May 3.
