Mergers and Acquisitions

Movies

Sony Pictures, Apollo Offer to Buy Paramount Global for $26 Billion in Cash

In a new development in the mergers and acquisitions narrative of Paramount Global, Sony Pictures Entertainment alongside Apollo Global Management have proposed a move to privatize Paramount through a substantial all-cash offer of $26 billion. This non-binding proposal was reportedly submitted to Paramount Global on Wednesday, as initially revealed by the Wall Street Journal.