"Sony, Apollo Show $26B Interest in Paramount Buyout Amid Skydance's Pending Bid; Paramount Shareholders Await Decision"

Sony and Apollo send letter expressing interest in $26 billion Paramount buyout as company mulls Skydance bid

Shari Redstone, non-executive chairwoman of Paramount Global, attends the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, July 11, 2023.David A. Grogan | CNBCSony Pictures and private equity firm Apollo Global Management have sent a letter to the Paramount Global board expressing interest in acquiring the company for about $26 billion, according to people familiar with the matter.The expression of formal interest comes as David Ellison's Skydance Media, backed by private equity...