Sony and Apollo Vie for Paramount Global in a High-Stakes Acquisition Race

Sony Pictures Entertainment, in partnership with Apollo Global Management, has proposed a substantial $26 billion all-cash bid to acquire Paramount Global. This offer places them in direct competition with Skydance Media, which is also eyeing a merger with Paramount.

Paramount Global, a powerhouse with assets such as BET, CBS Television, Comedy Central, MTV, Nickelodeon, Paramount Pictures, and Showtime, has become a coveted target in the industry. The joint bid by Sony and Apollo underscores the strategic importance of Paramount's vast entertainment and media portfolio.