Could a Sony-Apollo Joint Bid Stop a Paramount Shareholder Revolt? | Analysis
Paramount Global majority shareholder Shari Redstone may by convinced that David Ellison’s Skydance Media is the company best suited to buy the venerable Hollywood company. But don’t count out Apollo Global Management just yet.
On Thursday, TheWrap learned that Sony Pictures has been in talks with Apollo about making a joint bid to acquire the Melrose studio, just weeks after the private equity firm made a solo offer to purchase Paramount for $26 billion, including the assumption of debt.
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