Sony Pictures Entertainment and Apollo Global Management are discussing making a joint bid for Paramount Global, according to a person familiar with the...
- Sony Pictures Entertainment and Apollo Global Management are discussing making a joint bid for Paramount Global , according to a person familiar with the matter.
Sony would hold a majority stake in the joint venture and operate the media company, and its library of films, including such classics as "Star Trek," "Mission:Impossible" and "Indiana Jones," and television characters like SpongeBob SquarePants, according to the source.
The private equity firm previously made a $26 billion offer to buy Paramount Global, whose enterprise value at the end of 2023 was about $22.5 billion. Skydance is negotiating separately to acquire National Amusements, a company that holds the Redstone family's controlling interest in Paramount, according to a person familiar with the deal terms. That transaction is contingent upon a Skydance-Paramount merger.
Apollo Global Management Paramount Global Skydance Media Independent Studio David Ellison Sony Tony Vinciquerra
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