Sony Pictures Entertainment and Apollo Global Management are in discussions regarding a potential joint bid for Paramount Global, as reported by the New York Times. While sources close to the situation have confirmed the talks, they have highlighted several challenges that would need to be addressed before a formal offer could be made.
Previously, Apollo had considered making a $26 billion bid for Paramount Global independently, followed by an $11 billion offer for the Paramount Pictures film studio. The proposed deal would involve Sony Corp. contributing Sony Pictures Entertainment to a joint venture with Paramount Global, with both Sony and Apollo providing cash to support the transaction that would take Paramount Global private.
