Sony and Apollo Consider Joint Bid for Paramount Global

Sony Pictures and Apollo Global Management are in discussions to make a joint acquisition offer for Paramount Global, potentially privatizing the media giant.

Sony and Apollo's potential joint bid could privatize Paramount Global, offering cash for all outstanding shares.
Paramount is currently in exclusive talks with Skydance Media, but facing investor pressure to consider other options.
A joint bid by Sony and Apollo might address financing concerns, leveraging Sony's resources to enhance the offer's viability.
Paramount shareholders express mixed reactions, with some pushing for alternative bids to maximize shareholder value.
The deal, still under discussion, could significantly shift control and operations within Paramount, affecting its strategic direction and asset management.