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Paramount Gets a $26 Billion Offer from Sony, Apollo: Reports

Janet H. Cho
·2-min read
Paramount Gets a $26 Billion Offer from Sony, Apollo: Reports

Paramount Global shares jumped more than 13% in afternoon trading after reports that Sony Pictures and Apollo Global Management have made a $26 billion all-cash offer for the media company. An offer letter was signed by Sony Pictures CEO Tony Vinciquerra and Apollo partner Aaron Sobel, The Wall Street Journal reported, citing unnamed people familiar with the situation. Representatives from Sony Pictures, Apollo, and Paramount couldn’t immediately be reached.

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